Social gaming company Zynga announced substantial job cuts Monday afternoon and said it will close multiple office locations, all part of efforts to lower annual expenses by $70-$80 million. About 520 employees will lose their jobs by August, the
More tough choices for the troubled gaming company.
Investors were unsettled by Zynga's announcement that it is cutting 520 employees, or almost one-fifth of its workforce, with shares plummeting 12% to $2..
Zynga, the social gaming services company, is laying off 18 percent of its employees in an effort to reduce its cost structure. CEO Mark Pincus announced the layoffs Monday in a note to employees posted on the company's blog. Zynga, as of the end of
It's easy to point at Zynga's need to cut costs by laying off nearly one-fifth of its employees as a case of chickens coming home to roost. Honestly, I never got hooked on Farmville, the game that Zynga planted on Facebook four years ago. I couldn't
Zynga announces massive layoffs
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