Zynga is cutting costs further by closing its Baltimore studio and consolidating its presence in New York City and Texas.
With its revenues dropping, Zynga has been taking measures for cost-cutting for quite some time now.
“In an effort to leverage resources as we focus on creating franchises and driving profitability, Zynga has made changes to four of our U.S. offices,” Zynga COO David Ko said in a statement. “We are closing the McKinney, Texas, and downtown Austin offices and relocating those teams nearby to our existing Dallas and North Austin offices. And, we will be consolidating our NYC offices to move staff to our NYC mobile studio.”
Only the Baltimore office will face employee layoffs. Half of the staff were able to be moved to other Zynga offices, while approximately 30 Zynga employees will be laid off.
“While these decisions are always difficult, these steps will affect approximately 1 percent of our workforce and enable us to focus our resources on the most significant growth opportunities,” Ko said.
Artificial Intelligence (AI) has been making moves to get into the classrooms. Will it make…
The Tech Panda takes a look at recently launched gadgets & apps in the market.…
India’s handicraft industry is a dazzling mosaic of culture and creativity, now being rewoven with…
A founder’s guide to data privacy in the age of GenAI AI has shifted from…
India has been embracing technology at a high rate. The world has expectations from the…
In a world where the lines between physical and digital experiences are increasingly blurred, the…