Zynga lays off employees in reconstruction
It has only been a month since Harvard graduate Mark Pincus returned to his position as CEO of Zynga Inc and he is already putting the hammer down. It was reported yesterday that approximately %18 of the companies work force was laid off. This accounted for 364 jobs in total. These cuts save the company $100 million dollars annually, affecting mostly corporate and central-service roles.Pincus added in his statement, "For our people, we need to create an empowered, entrepreneurial culture that fosters more creativity and innovation. Over the years we've seen that tighter, more nimble teams can drive faster innovation and deliver more player value." He then added, "[The job cutting] was a hard but necessary decision and I believe this plan puts us in the best long-term position for success."
It has only been a month since Harvard graduate Mark Pincus returned to his position as CEO of Zynga Inc and he is already putting the hammer down. It was reported yesterday that approximately %18 of the companies work force was laid off. This accounted for 364 jobs in total. These cuts save the company $100 million dollars annually, affecting mostly corporate and central-service roles.
Pincus added in his statement, “For our people, we need to create an empowered, entrepreneurial culture that fosters more creativity and innovation. Over the years we’ve seen that tighter, more nimble teams can drive faster innovation and deliver more player value.” He then added, “[The job cutting] was a hard but necessary decision and I believe this plan puts us in the best long-term position for success.”
In addition to these cuts, Zynga is also focusing their efforts on only 5 categories that range from casino to action-strategy. The company hopes to release between six and eight games in 2015.