Morning Media Newsfeed: Zynga Lays Off 520 | Newsweek's Poor Stats | Chris Cuomo's Conflict?

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Zynga to Lay Off 520 Employees — 18 Percent of Staff — And Shutter New York And LA Offices (AllThingsD)
Zynga is laying off 18 percent of its workforce — which represents 520 employees — in a bid to reduce costs and more drastically restructure its troubled business toward mobile, according to sources close to the situation. Reuters One of the first firms to seize upon Facebook as a game-publishing platform years ago, Zynga has struggled to keep hold of players as people increasingly turn to their mobile devices — and games from Zynga’s rivals — for entertainment.