Zynga laying off 520 employees, or 18%, in order to save costs

Zynga to lay off 520 workers by August.

@tracehagan
Published Mon, Jun 3 2013 6:28 PM CDT   |   Updated Tue, Nov 3 2020 12:22 PM CST

Zynga is laying off 18 percent of its workforce--some 520 employees--in an effort to save money. As part of this layoff, Zynga will be refocusing on mobile. The move is estimated to save Zynga around $80 million in staff costs. Offices in New York, Los Angeles, and Dallas will be closed as well.

Zynga laying off 520 employees, or 18%, in order to save costs | TweakTown.com

These additional infrastructure savings will boost that $80 million in savings figure, likely by quite a bit. Offices in San Francisco, Beijing, Bangalore, and various other small office locations will remain open and staffed. Zynga has confirmed that all of the staff affected by this will be laid off by August.

Zynga has struggled to adapt to the massive changes to its core revenue source. Started as a web game company, the onslaught of smartphones and mobile gaming has damaged their bottom line.

NEWS SOURCE:allthingsd.com

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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