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| VIEW EVENT INFORMATION: Zynga |
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Zynga Confirms That It’s Cutting 520 Employees (18% Of Workforce), Says It Will Save |
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About the organization Zynga:
Type: Business
Sub-Types: Website, Social Networking Agent, Online Gaming, Telecommunication Software, Application Software, Computer Software, Gaming, Gaming Software, Networking, Networking Software |
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Notable Organizations: Zynga, Techcrunch
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| Zynga has confirmed the layoffs via press release, as well as the numbers (520 layoffs or 18 percent of the workforce) reported by AllThingsD.
The company says this was result in $70 million to $80 million in annualized pre-tax savings. Despite those savings, its guidance for its second quarter earnings is a loss between $39 million and $28.5 million.
In a note to employees, CEO Mark… |
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