The FARM VILLE Online gaming company Zynga “LAYOFFS” 520 employees

Zynga – the online gaming company which had launched games such FARM VILLE & Draw Something will LAYOFF 520 employees across the world by AUGUST 2013.

Almost 400 people are working for Zynga in India located at the Bangalore Office. CEO Mark Pincus(Harvard Business School MBA graduate) ,  promised that laid-off workers would receive generous separation packages.

Management graduates from IIM – Ahmedabad, Bangalore, Calcutta and Kozhikode were hired as product managers to operate the organisation.

By reducing an 18% workforce the Zynga will save an estimated $70 million to $80 million in pre-tax annualised cash expense. It was said that “Zynga realized tying 100 per cent of their revenue to a single platform — Facebook — was an weak idea,”

Advertisements

One thought on “The FARM VILLE Online gaming company Zynga “LAYOFFS” 520 employees

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s