Monday, June 3, 2013

Zynga cuts 520 jobs across U.S

Player avatars from Zynga's FarmVille 2 are seen on a stairway at the entrance to Zynga headquarters in San Francisco SAN FRANCISCO (Reuters) - Zynga Inc plans to slash roughly 520 jobs, or nearly one-fifth of its workforce, the San Francisco-based online game maker said Monday. The company updated its projected net loss for the second quarter to between $39 million and $28.5 million. The cuts, which include studio closures in multiple cities, would save $70 million to $80 million, according to the company. (Reporting by Gerry Shih; Editing by Gary Hill)








via Gaming News Headlines - Yahoo! News http://news.yahoo.com/zynga-cuts-520-jobs-across-u-191236878.html

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