Zynga to Cut 18 Percent of Workforce As Part of $100 Million Cost Reduction Program
In a new interview, Zynga revealed that, in addition to founder Mark Pincus being re-installed as CEO, they would also lay off 18 percent of their workforce (364 people in total) as part of a bid to reduce costs by $100 Million.
The company will also be focusing on five categories of mobile games rather than continue to branch out into more and more genres as it did under Don Mattrick.
The categories are: Action-Strategy (such as Empires and Allies, a new game launched yesterday), Social Casino (Hit It Rich), Invest & Express (FarmVille), Casual (Words With Friends) and Racing (CSR Racing).
The layoffs will finish within the next three quarters and are expected to save the company $45 million every year.