Zynga’s new game: cut costs, jobs

AUSTERITY DRIVE: Zynga said it has boosted its bookings for games, especially for mobile, which now represents 63% of bookings and is up 84% from a year ago.

SAN FRANCISCO: Zynga said it was cutting staff by 18% amid ongoing losses, as the social games pioneer seeks to reboot its strategy. 

The announcement from the San Francisco group, which gained prominence with Facebook games like FarmVille, marks its second major restructuring in two years.