Trending

Filed under: News | Misc

 

Zynga Announces Layoffs for Cost Reduction

Zynga, the game manufacturer is to downsize a whopping 18% of its staff at various locations spread throughout the United States. This major layoff is a necessary part of the move to progress beyond the present financial straits Zynga finds itself in.

Jun 4 2013, 7:01am CDT | by

7 Updates
Zynga Announces Layoffs for Cost Reduction
 
 

YouTube Videos Comments

Full Story

Zynga Announces Layoffs for Cost Reduction

Zynga Announces Layoffs for Cost Reduction

Sometimes what hurts you can heal as well. This seems to be the case with Zynga, the video game producer, which is to downsize over 500 of its employees in an unprecedented move, the first of its kind in its entire history. According to an official press release, the real reason why this action was taken was to slash costs since the company was not doing well in the market. Furthermore, 18% of its workers are to be given the pink slip. The troubled times the firm is going through will be mitigated only through this harsh experience of economic cleansing. A number of stores are to be closed down although the exact locations were not disclosed. The main venues may be New York, Dallas and Los Angeles. The amount saved after the restructuring is over may reach $80 million. This will be accomplished within the time span of three months. As for the losses incurred along the way, they ought to be covered via some tough decisions that need implementation. It was a sad time for Zynga since it was originally a progressive organization. With this downturn in fate there is a need for lean thinking.

Actually what worked in the past is obsolete in today’s futuristic world. The CEO of Zynga, Mark Pincus spoke of how the online social gaming environment had given way to the mobile phone reality for which Zynga was unprepared. The shock to the system has been considerable and for now the prospects don’t look rosy. The adaptability was too little too late. Having suffered heavy losses, Zynga is planning on retaining its customers. Yet the demand is dwindling.

Zynga wants to offer fun-filled hours of gaming pleasure to its user base. For this it will need some serious soul-searching in order to find out what exactly went wrong and where. The goal before the gaming giant is to mimic other top contenders on the scene such as Supercell and King.com. The company has shed its working staff from time to time. Whether any future dumping will take place is a moot point. The current situation at least is not one of confidence but caution. Zynga has to pull itself up by its bootstraps and think positive. This is so as to insure a brighter future both for itself and its employees.

 

You Might Also Like

Updates


Sponsored Update

Update: 7

SOCIAL INSIDER: Facebook Location Sharing — Twitter's Mobile Ad Push — Flickr Revamp

Source: The Business Insider

Social Insider is delivered first thing every morning exclusively to BI Intelligence subscribers. FACEBOOK LOCATION SHARING: Yesterday, Facebook unveiled its latest feature, Nearby Friends, which allows users to share their physical location with their Facebook friends. The feature is completely opt-in and users can choose which of their friends actually see their location. But only those friends who have themselves opted i ...
Source: The Business Insider   Full article at: The Business Insider 8 hours ago
 


Advertisement


Update: 6

Zynga Heads Back to the FarmVille Trough

Source: TechNewsWorld

Zynga Reports Quarterly Earnings
Zynga is once again plowing the furrow of its greatest success with the launch of FarmVille 2: Country Escape. The latest title from the casual gaming studio is a mobile-focused effort. Zynga has launched the game globally on iPhone, iPad and Android devices. FarmVille 2: Country Escape was crafted from the ground up as a new mobile experience with redesigned crop times, touch controls and animal inte ...
Source: TechNewsWorld   Full article at: TechNewsWorld 9 hours ago
 

More From the Web

Update: 5

10 Things In Tech You Need To Know This Morning (ZNGA, MSFT)

Source: The Business Insider

Alibaba To Kick Off IPO In U.S.
Good morning! Friday is here! Let's start it with news: Zynga is trying to make a comeback with a mobile version of FarmVille. This is the first major game launch from new CEO Don Mattrick who was previously running Xbox for Microsoft. The real question, we suppose, is why did it take this long to do a mobile version of FarmVille. Pew did a survey of what people are expecting from technology in the future. 81% of people think we'll be growing our body parts in a lab. 39% exp ...
Source: The Business Insider   Full article at: The Business Insider 10 hours ago
 

Update: 3

Farmville 2: Country Escape launched on iOS and Android

Source: BGR.in

Rosewood Has Arrived In London! Rosewood London Is Now Open For Business
Social games pioneer Zynga on Thursday released a version of the hit “FarmVille” tailored for smartphones and tablets in the hope of reaping a bumper crop of players. The San Francisco-based game maker set on its heels by a shift away from desktop computers is out to regain momentum with the mobile-format “Farmville 2: Country Escape” for iPhone, iPad and Android devices. “Just as the original ‘FarmVille’ created a global phenomena when it launched, we expect the same ...
Source: BGR.in   Full article at: BGR.in 14 hours ago
 

Update: 2

Farmville 2: Country Escape now available for download on iPhone, iPad and Android devices

Source: NDTV

Zynga Reports Quarterly Earnings
Social games pioneer Zynga, set on its heels by a shift away from desktop computers, is out to regain momentum with the mobile-format Farmville. ...
Source: NDTV   Full article at: NDTV 15 hours ago
 

Update: 1

Zynga designs its flagship for mobile, launches FarmVille 2: Country Escape on iOS and Android (Brett Molina/USA Today)

Source: Techmeme

St Louis Cardinals v Houston Astros
Brett Molina / USA Today: Zynga designs its flagship for mobile, launches FarmVille 2: Country Escape on iOS and Android  —  Zynga bets the Farm(Ville) on mobile  —  After spending years building its wealth through the desktop computer, Zynga is ready to bet the farm on mobile.  —  On Thursday, the video game maker launches … ...
Source: Techmeme  Full article at: Techmeme 22 hours ago, 6:15pm CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest technology trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Tropico 5 Releases Next Month w/ Pre-order Discounted 28% &amp; Bonus Game
Tropico 5 Releases Next Month w/ Pre-order Discounted 28% & Bonus Game
El Presidente makes his return in May. The MSRP is $39.99, but an instant discount and coupon combination drop the pre-order to $28.80.
 
 
 
 
SI Mock NBA Draft Sees Michigan State and Michigan Receive 2 and 3 Slots Respect
SI Mock NBA Draft Sees Michigan State and Michigan Receive 2 and 3 Slots Respectively
NBA draft gets hot as players are yearning for top picks. Michigan State and Michigan successfully managed to receive a reasonable number of slots in SI Mock.
 
 
Glen Campbell’s Condition Sees Him in Alzheimer's Facility
Glen Campbell’s Condition Sees Him in Alzheimer's Facility
American country music singer, Glenn Campbell moves to Alzheimer's facility. This is according to the latest reports where his state of condition is not yet known.
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013