Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek


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Actually what worked in the past is obsolete in today’s futuristic world.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 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.


iPad Air Giveaway. Win a free iPad Air.

You Might Also Like


Sponsored Update

Update: 7

Yahoo reportedly nearing an agreement to acquire Flurry


Chief Executive Officer Of Yahoo!Inc. Marissa Mayer  At the 2014 Cannes Lions
Yahoo is reportedly nearing a deal to acquire mobile advertising analytics company Flurry. Yahoo will pay at least $300 million for Flurry, according to reports.Flurry offers mobile advertisers the ability to leverage consumer data to produce personalized advertisements via banner ads, interstitials and video. The technology measures user behavior in applications by tracking taps, level completions, and purchases in order to understand the user ...
Source:   Full article at: 2 days ago, 3:39pm CDT


Update: 6

3 Huge Risks for King Digital Investors


Zynga Reports Quarterly Earnings
Can King Digital avoid the pitfalls suffered by Zyn ...
Source:   Full article at: Jun 26 2014, 1:30pm CDT

More From the Web

Update: 5

Win a Trip to See Lucy Hale at The Grand Ole Opry courtesy of FarmVille 2: Country Escape

Source: Just Jared

Lucy Hale Grand Ole Opry Debut
In celebration of the newly released FarmVille 2: Country Escape app, Zynga invites you to be a part of Lucy Hale’s country music debut. Enter for a chance to win a trip for two to see Lucy perform at Nashville’s iconic Grand Ole Opry. Join Lucy as she performs songs from her debut country album Road Between. Enter the giveaway below! Adam Levine is reportedly apologizing to his exes before his wedding – US Weekly Kim Ka ...
Source: Just Jared   Full article at: Just Jared Jun 11 2014, 10:15am CDT

Update: 3

E3: Microsoft Goes Games First And Only In Briefing

Source: Deadline

It didn’t take Phil Spencer, Head of Xbox for Microsoft, long to tack back from last year’s entertainment focus to one purely about games, which is all he said he would talk about during this morning’s presentation to media and analysts ahead of the big E3 videogame conference in Los Angeles. “This generation (of game consoles) is off to the hottest start in history,” Spencer said. “This benefits everyone…especially gamers.” That games-only focus is a far cry from last year, when th ...
Source: Deadline  Full article at: Deadline Jun 9 2014, 1:32pm CDT

Update: 2

3 crazy-big downtown Orlando ideas: Parks under I-4, revamped Lake Eola amphitheater, Thornton Park Westside

Source: Orlando Business Journal

Close your eyes and think of downtown Orlando in 20 years. You work downtown for a massive tech company, but not Apple or Zynga; this tech firm sprouted in downtown and went public two years back. You get off work and head home to Thornton Park Westside, a thriving multi-cultural bohemian neighborhood that used to be called Parramore. That night, you try to decide between catching a concert at the reva ...
Source: Orlando Business Journal   Full article at: Orlando Business Journal Jun 5 2014, 3:09pm CDT

Update: 1

Ellis Act Legislation By State Senator Mark Leno Of San Francisco Passes Senate

Source: CBS San Francisco

San Francisco Mayor Ed Lee Makes Announcement Regarding City's Superbowl Host Bid
SACRAMENTO (KCBS) – Legislation that would help curtail the number of Ellis Act evictions in San Francisco has passed the Senate with a 21-13 vote, this after failing to get the necessary votes on Wednesday in Sacramento. After Senate Bill 1439 failed to pass, the author, state Senator Mark Leno (D-San Francisco) agreed to make changes to differentiate between family owners and big business interests. Ellis Act Legislation By State Senator Mark Leno Of San Francisco Passes SenateKCBS Radioplay ...
Source: CBS San Francisco   Full article at: CBS San Francisco May 29 2014, 8:43pm 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 trends.




blog comments powered by Disqus

Latest stories

San Diego Comic-Con 2014: DC Unveils Close Look At Batman&#039;s Cowl
San Diego Comic-Con 2014: DC Unveils Close Look At Batman's Cowl
2014's San Diego Comic-Con offered a close up, exclusive look at Ben Affleck's Batman cape and cowl in a collection of Dark Knight costumes celebrating the 75th anniversary.
Taylor Swift is Pretty Busy Nowadays
Taylor Swift is Pretty Busy Nowadays
The country megastar, Taylor Swift is pretty busy nowadays. Besides dishing out online advice, she has been rehearsing for a musical session with Lorde at a festival which will take place soon.
&#039;Duck Dynasty&#039; Camo Clothing brings lawsuit for A&amp;E
'Duck Dynasty' Camo Clothing brings lawsuit for A&E
Si Robertson's favorite color has set off a trademark lawsuit.
Pauley Perrette lands in hospital after severe allergic reaction to hair dye
Pauley Perrette lands in hospital after severe allergic reaction to hair dye
The actress, who’s naturally blond, said she’d been battling increasing allergic symptoms to the beauty product for about a year.

About the Geek Mind

Read more about The Geek Mind.