Zynga Slashes 18% of Staff to Cut Costs
The workforce reductions aren’t entirely a surprise. Zynga has said publicly that cuts would be coming. In a press release, the company estimated it would save $70 to $80 million with the workforce reductions. It also announced the closure of “various office locations.” Those locations appear to be studios Dallas, Los Angeles and New York.
Layoffs at the beleaguered game company aren’t over yet (Zynga plans to wrap them up by August), but the company sees itself as being in a position of transition that will lead to growth. It is focusing on mobile gaming and has games in the works.