Posted 05/07/2015 at 9:16 AM
Posted 2 years ago
Gaming company Zynga is scaling back operations; cutting staff by 18 percent, and leaving behind their activities in the sports video-game niche, according to a story in The New York Times.
346 employees will be released from their positions in the round of layoffs and Zynga will shutter a few of their data centers.
The company expects to see an annual savings of around $100 million.
Mark Pincus, who originally founded the company, recently returned and has wasted no time in making moves in the hope of restoring the company to better financial health.
Mr. Pincus said “What I believe we need is to narrow our focus…We have plenty of great opportunities in front of us. What we need to do now is intensify our focus around these opportunities.”