Zynga to cut more than 500 staff
Zynga, the social gaming business behind Farmville, is to lay off 18% of its staff to re-focus on mobile.
Farmville: parent company Zynga cuts staff numbers
In a note to employees, also published on Zynga's blog, founder and CEO Mark Pincus detailed the "cost-reductions that are taking place company-wide".
Pincus wrote: "We are saying painful goodbyes to about 18% of our Zynga brothers and sisters. None of us ever expected to face a day like today."
But the moves, he explained, are part of a proactive strategy made "from a position of financial strength".
Until March this year, users of Zynga games were only able to sign-up and play through Facebook, but Zynga distanced itself from the social network to become a standalone "destination for play" on zynga.com.
In November 2011, the initial public offering (IPO) for Zynga valued the San Francisco-based company at $7bn.
Latest jobs Jobs web feed
- Account Director - FMCG to £50k Network Career Consultants £45000 - £50000 per annum, London
- User Experience / User Interface (UX/UI) Designer Harnham £40000 - £80000 per annum + Bonus & excellent benefits, City of London
- Marketing Manager Better Placed Recruitment £25000 - £30000 per annum + benefits, Greater Manchester
- Social Media Account Manager - Global Agency - London Digital Gurus £27000 - £32000 per annum + Benefits , London
- Responsive Designer (Top 10 NMA) Premier Media £35K + benefits, Central London
- Award-Winning Integrated Creative Team Premier Media Circa 55K + Benefits, Central London