Zynga Cuts Jobs Ahead Of Earnings
Ahead of what is widely expected to be a weak earnings report, Zynga has announced plans to cut about 5% of its work force, or 150 people. “Like other tech companies, Zynga is seeing its
users quickly migrate to the mobile Internet, a transition that requires a new business strategy,” writes The New York Times’ Bits blog. “But Zynga also has some problems particular
to itself, including a paucity of new hits. As part of its cost-cutting efforts, Zynga also plans to advertise less, Bits reports.