fbpx

Zynga Lays Off 520 Employees to Save $70 Million

Being laid off is nothing to take lightly and mass layoffs are nothing short of tragic. Social game developer Zynga announced today that they will be laying off 520 employees, which affects 18 percent of their workforce around the world. They’ll be closing offices in Los Angeles, New York, and Dallas in an attempt to reduce costs, all of which should be completed by August and save the company between $70 and $80 million.

Zynga CEO Mark Pincus called the decision hard but necessary, claiming that the scale that helped them build and lead the social gaming service is now making it difficult to expand into mobile and multiplatform markets. Pincus claims that the affected employees will receive “generous” severance packages.

This is just the latest development in what’s been a very rough time for Zynga as profits drop and users abandon their games.

Good luck to all those who affected by the layoffs.

via The Verge

Share This With The World!
  •  
  •  
  •  
  •  
  •  
  •  
  •