Zynga Goes Into Restructuring Mode

A 5% workforce reduction, and more cutbacks, are coming

   

When Zynga (NASDAQ:ZNGA) announced an earnings warning in early October, CEO Mark Pincus said cost-cutting would be a priority. So yesterday, he set forth the first move: He has cut about 5% of the workforce, which comes to 142 people.

This will mean the closure of Zynga’s Boston office as well as the possible shutdown of the operations in Japan and the U.K. Staff will also be reduced in the Austin location.