Zynga is cutting costs further by closing its Baltimore studio and consolidating its presence in New York City and Texas.
With its revenues dropping, Zynga has been taking measures for cost-cutting for quite some time now.
“In an effort to leverage resources as we focus on creating franchises and driving profitability, Zynga has made changes to four of our U.S. offices,” Zynga COO David Ko said in a statement. “We are closing the McKinney, Texas, and downtown Austin offices and relocating those teams nearby to our existing Dallas and North Austin offices. And, we will be consolidating our NYC offices to move staff to our NYC mobile studio.”
Only the Baltimore office will face employee layoffs. Half of the staff were able to be moved to other Zynga offices, while approximately 30 Zynga employees will be laid off.
“While these decisions are always difficult, these steps will affect approximately 1 percent of our workforce and enable us to focus our resources on the most significant growth opportunities,” Ko said.
The Tech Panda takes a look at how Indian companies are partnering with foreign businesses…
The Tech Panda takes a look at the investment temperament in the Indian startup ecosystem.…
Big Tech is no longer content with just running user feeds, they want wallets too.…
Indian shoppers could be shopping internationally using their UPI accounts sitting at home, thanks to…
The SMS as a tool to connect with customers might be coming to an end.…
Looks like finance and connectivity will come together soon in our devices. Recently, UK fintech…