Zynga Falters, Cuts Staff & Facilities

Zynga, the high-profile cloud-based games maker, is in trouble deep enough

to raise questions about its continued survival.

It can’t keep up with the defection of its user base to mobile rivals – which

is impacting its bookings again this quarter – and so it’s going to cut back by

firing 520 people, roughly 20% of its workforce, more than it’s done since

starting to lay people off last year.

read more