Zynga has laid off more than 100 of its employees. The company has announced plans of shuttering its Boston studio and possibly closing its Japan and UK studios too.

Your take on Getting a SmartWatch?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...Loading...

Zynga is popularly known for having launched a number of games through Facebook, being among the pioneers of the concept of social gaming. Now, the company has laid off more than 100 employees all of a sudden, reportedly giving them a mere two hours to vacate their offices after the notification.


Zynga

Over the past few months, the company has been in all kinds of troubles. Unfortunately, given the fact that Zynga’s forte’ is the games people play on Facebook, the company’s fate seem tied with the social network. And so, when Facebook witnessed a nose-dive in its stock value ever since it went public, Zynga has also taken a lot of brunt.

The company’s share price has come down from original $10 to less than $3. So a number of lay-offs were already in order. However, the way Zynga seems to be handling it seems somewhat unprofessional.

During Apple’s keynote today, Justin Maxwell tweeted, “Zynga just laid off 100+ employees (incl. my friends) in its Austin office during the Apple Event. Gave them 2 hours to vacate. RT please.”

The company later confirmed the news that it was laying off employees and that it had plans of shuttering its Japan and UK studios too. Zynga’s CEO Mark Pincus said that in all, the company will be laying off about 5% of its overall work force.

At the same time, Zynga is abandoning 13 of its games and will also be significantly shedding its investment in ‘The Ville.’ Apparently, it has taken a lesson out of the whole Facebook episode and is now trying to stand back up on a firmer base, one that won’t essentially be tied to Facebook.

Courtesy: 9to5mac

Buy Cheapest Related Product From Amazon.com


Scientists Developing Atomic Interferometry To Detect Gravity Waves

[Tutorial] How To Share Your Chrome Bookmarks Between Several Computers
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On October 25, 2012(2 years, 3 months ago.)

Recent Products

Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Buy Now | Compare  
Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

Here is another tutorial for the Android lovers. I will show you how to change keyboard on Android.
Here is our new android tutorial on how to change the default launcher on Android.
Here is the tutorial about how to setup Internet settings on Android device.
Today, We are going to show you a tutorial on how to disable Geotagging on Android.
here is our new Android tutorial on how to change default music player on android
The tutorial will help you to add multiple Google Account on your Android device.
Here we will show how you could Jailbreak Any iPhone Or iPad On Latest Firmware iOS 8.1.2. Keep reading.
In this tutorial I will show you how to transfer Google Contacts to iPhone Contacts list using iCloud services in just few steps.
Slower speed of downloading with torrent? Want to download torrent with idm? This article is for you. To get started see the article here.
Many users are already complaining and searching for the tips of how to capture the screenshot on LG G3. The tutorial will help to do that.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook