Layoffs will be published in all parts of society, and Zynga Close to a few locations. The "FarmVille" maker did not say that the office would be closed, but the technology blog AllThingsD reported that Los Angeles, New York and Dallas are on the chopping block.
Zynga said that the cost savings save "significant" layoffs the company of $ 70 million to $ 80 million per year. Shares of Zynga (ZNGA) fell by 10% on the news.
"None of us ever thought that a day like today are faced, especially when so much of our culture has been about growth," Zynga CEO Mark Pincus wrote in a blog post. "But I think we all know, it is necessary to move forward."
Social gaming has become so popular that it has been difficult to maintain a leadership role, Pincus added.
The company reiterated revenue and earnings per share guidance for the current quarter and the full year. But Zynga is now faced with a net loss of between $ 28.5 million and $ 39 million in the current quarter, worse than the $ 27.6 million loss analysts polled by Thomson Reuters expected.
It's clear for months that the social gaming company is in trouble. The disappointing IPO in December 2011, Zynga, the purchase of "Draw Something" Manufacturers OMGPOP is a disaster, and a lot of games are below average.
In October 2012, Zynga cut 5% of staff, closing the Boston office and the proposed closure of the Japanese and British offices. Even worse, Zynga also announced it would shuttering a dozen games - and five more have been closed since then.
Both Dave Wehner, Chief Financial Officer and Chief Game Designer Brian Reynolds left the company in recent months.
As a result of these problems, Zynga shares were languishing at $ 3.50. But shares nearly 30% this year in the hope that Zynga could pay the steps in the legal gambling. In December, Zynga apply for a gaming license in Nevada. Zynga previously announced a partnership with bwin.party, a British gaming company that specializes in online sports betting, poker and bingo. Back to top
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