SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Zynga said Wednesday, May 6, it was cutting staff by 18% amid ongoing losses, as the social games pioneer seeks to reboot its strategy. The announcement from the San Francisco group, which gained prominence with Facebook games like FarmVille, marks its second major restructuring in two years. The move came as Zynga unveiled a loss of $46 million in the past quarter, narrowing the deficit from $61 million a year ago, with revenues rising 9% from a year ago to $183 million. The company said its latest effort would seek to cut $100 million in annual costs.
Read the full story on Rappler.
Add a comment
How does this make you feel?
Loading
There are no comments yet. Add your comment to start the conversation.