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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.

Read the whole story at The New York Times »

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