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cheapbag214s
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also said it would close several offices |
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Internet game maker Zynga to cut 18 percent of its workforce
SAN FRANCISCO, June 3 () -- U.S. online game maker Zynga said it would idle 550 workers by August -- 18 percent of its workforce -- as it struggles to create a mobile Internet environment."The scale that served us so well in building and delivering the leading social gaming service on the Web is now making it hard to successfully lead across mobile and multi-platform, which is where social games are going to be played,[url=http://www.ksacinc.com/cheapbeats/?]cheap beats[/url]," Chief Executive Officer Mark Pincus said in a letter sent to employees and posted online.Zynga, which is based in San Francisco and which currently has a payroll of about 2,[url=http://www.tymarc.com/]christian louboutin discount[/url],800, also said it would close several offices,[url=http://www.ewwealth.com/]louboutin sale[/url], which would save about $75 million in operating costs, The Wall Street Journal reported Monday.The job cuts are the second and the largest since the company's initial public offering in 2011. It cut about 5 percent of its workforce last fall, the Journal said.The company, which produces social network games Farmville, Cafe World and FishVille, as well as Texas Hold'Em poker and Mafia Wars,[url=http://www.panyam.com/]gucci outlet store[/url], now expects April through June losses of up to $39 million, much of that due to the layoffs. It would take up to $26 million in restructuring charges in the quarter, the company said.
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Wed 0:02, 30 Oct 2013 |
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