LAYOFFS: Zynga To Slash 18 Percent Of Workforce
The ax has begun to fall at troubled game developer Zynga again, as the company confirmed that it will lay off 18 percent of its workforce, lowering its pretax annualized cash expenses by $70 million to $80 million, and AllThingsD reported that Zynga is shuttering its offices in New York, Los Angeles, and Dallas.
The ax has begun to fall at troubled game developer Zynga again, as the company confirmed that it will lay off 18 percent of its workforce, lowering its pretax annualized cash expenses by $70 million to $80 million, and AllThingsD reported that Zynga is shuttering its offices in New York, Los Angeles, and Dallas.
Monday’s news marks the latest in a run of staff reductions for Zynga:
- In February, Chief Operations Officer David Ko announced the closing of the company’s studio in Baltimore and the consolidation of its offices in Texas and New York.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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