Zynga said Wednesday it was cutting staff by 18 percent amid ongoing losses, as the social games pioneer seeks to reboot its strategy. The announcement from the San Francisco group, which gained prominence with Facebook games like FarmVille, marks its second major restructuring in two years. The move came as Zynga unveiled a loss of $46 million in the past quarter, narrowing the deficit from $61 million a year ago, with revenues rising nine percent from a year ago to $183 million. "For our people, we need to create an empowered, entrepreneurial culture that fosters more creativity and innovation," said co-founder Mark Pincus, who returned to the job of chief executive less than two years after being replaced.
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