wtorek, 4 czerwca 2013

Zynga lays off 18% of staff

The company behind FarmVille just got a little smaller. Zynga, the troubled developer responsible for a number of social games, laid off 520 staff today—18% of the company's employees. The goal: refocus on mobile gaming.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'tMark Pincus' effort to save Zynga was jolted on Monday after the social gaming company revised its projected financials lower amid a corporate restructuring that did not inspire confidence on Wall Street. Shares of Zynga tumbled by 12% to $2.99 onceZynga has confirmed the layoffs via press release, as well as the numbers (520 layoffs or 18 percent of the workforce) reported by AllThingsD. The

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