CUTTBACKS: Zynga Inc laid off 5% of its full-time workforce and shut its Boston office as it embarked on a sweeping cost-cutting campaign that may eventually see the FarmVille game creator close its Japanese and British studios as well. — Reuters
SAN FRANCISCO: Zynga Inc laid off 5% of its full-time workforce and shut its Boston office as it embarked on a sweeping cost-cutting campaign that may eventually see the FarmVille game creator close its Japanese and British studios as well.
The company, which is trying to arrest a steep decline in earnings as users gradually migrate onto mobile devices or rival games, plans to “sunset” 13 unspecified older titles, chief executive Mark Pincus said in a staff memo on Tuesday that was published on the company blog.
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