Zynga is trying to cut $100 million in jobs, so it is getting rid of 18% of its workforce. Zynga, the maker of hit games like Farmville and Words with Friends, has announced that it will be cutting the jobs of around 364 people.
Company CEO Mark Pincus has said in a statement: "For our people, we need to create an empowered, entrepreneurial culture that fosters more creativity and innovation. Over the years we've seen that tighter, more nimble teams can drive faster innovation and deliver more player value. As a result, today we announced a cost reduction program to focus, simplify and align us against our most promising opportunities... This was a hard but necessary decision and I believe this plan puts us in the best long term position for success".
Zynga said that the layoffs will be completed by the end of the year, and will help the company save around $45 million. An additional $55 million will be saved, something the company expects to be completed by Q3 2016.
Last updated: Jun 16, 2020 at 04:29 pm CDT
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