Zynga slashes work force by a fifth, shares dive


  • TECH
  • Tuesday, 04 Jun 2013

TOUGH TIMES: A bird flies above the corporate headquarters of Zynga in San Francisco, California. The company has struggled to keep hold of players as people increasingly turn to their mobile devices - and games from Zynga's rivals - for entertainment. - Reuters

SAN FRANCISCO: Zynga Inc announced its biggest ever round of layoffs and warned of weak bookings for the current quarter, raising doubts about the social game developer's attempt at a recovery.

Zynga said it will cut about 520 jobs, or roughly one-fifth of its work force, and close some offices in the United States.

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