Social gaming company Zynga revealed its plans to reduce its European staff by 366 with Ireland standing to lose the highest number of at 22 people.
The Irish Independent reported that Zynga’s revenue has dramatically dropped.
“There is a decline in revenues driven by a global decrease in sales year over year,” the Director’s report said. “The decrease in revenue is mainly due to a decrease in user-pay bookings as well as revenues from certain games decreasing”.
In addition to the staff cuts, Zynga says it will reduce costs further by introducing further measures.
jade
8 years ago
I never really understood social gaming from a players perspective. You don't win anything tangible. Any type of gaming that makes money for these operators, well, they will be making it. I'm beginning to think that social gaming has hit it's peak and it doesn't surprise me that "Zynga’s revenue has dramatically dropped"...
I never really understood social gaming from a players perspective. You don't win anything tangible. Any type of gaming that makes money for these operators, well, they will be making it. I'm beginning to think that social gaming has hit it's peak and it doesn't surprise me that "Zynga’s revenue has dramatically dropped" or that layoffs have become their reality. I do feel for their employees. It is never a good time to lose your job.
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Vanenhox
8 years ago
I have read in the news lately that the global economy is begining to show signs of a slow down and that there might be the possibility of a new global recession in the next year or two. Perhaps this little story about one company Zynga and it's layoffs is an example of worse to come. I certainly hope the economy won't...
I have read in the news lately that the global economy is begining to show signs of a slow down and that there might be the possibility of a new global recession in the next year or two. Perhaps this little story about one company Zynga and it's layoffs is an example of worse to come. I certainly hope the economy won't get worse worldwide as we have barely recovered much from the big crisis that started in the US in 07--
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CATLICKER
8 years ago
Never like to see middle class workers lose their jobs, if that is indeed whose these are. Aside from that, I'm not going to show much sympathy for Zynga. I think they are gonna be just fine.
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