Zynga cuts 520 workers and shutters several offices
Hoping that further cost cuts will right its heeling ship, social-gaming company Zynga said Monday it is cutting 18 percent of its workforce and closing various offices.
Zynga posted the news on its blog. Zynga must shrink before it can grow again, CEO Mark Pincus told workers in his memo, a situation that somehow nobody at the 5-year-old company "ever expected to face."
He also said the Zynga "brothers and sisters" will be getting generous severance packages along with their "painful goodbyes."
AllThingsD reported that Zynga would shutter its offices in New York, Los … Read more