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Zynga to shutter New York and LA studios, cut 18% of workforce
Social game monolith Zynga plans to shutter its New York City, Dalles and Los Angeles game development studios. Sources at Zynga confirmed the closures to Engadget, and also confirmed reports of layoffs affecting 520 employees (around 18 percent of the company's total workforce), and now CEO Mark Pincus published his internal letter to employees on the company's website. Apparently the ousted employees will receive, "generous severance packages" for their time; we've published the full letter below the break.
It's unknown how this will impact games and services from those offices, but it is said to cut $80 million from staff costs. The move is part of a larger restructuring at Zynga with a focus on mobile, which Pincus says will make, "mobile gaming truly social by offering people new, fun ways to meet, play and connect." The studio suffered similar closures late last year, which included Boston, UK, and Japan locations.
Filed under: Gaming, Software, Mobile
Source: Zynga
Original Link: http://www.engadget.com/2013/06/03/zynga-layoffs-nyc-los-angeles/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget