Zynga To Let Go More Than Half Of Its Irish Workforce

Cost cutting measures to offset decline in revenue

Latest trading updates from social gaming firm Zynga reveal the planned redundancy of 366 or 18 percent of its European workforce of which Ireland faces the highest ratio of 22 people or 60 percent.
According to the Irish Independent, Zynga reported a drop in overall revenues of $100 million with losses rising dramatically from $5.14 million to $86.7 million.
"There is a decline in revenues driven by a global decrease in sales year over year," the Director's report reads. "The decrease in revenue is mainly due to a decrease in user-pay bookings as well as revenues from certain games decreasing".
In addition, Zynga Inc. said additional cost reduction measures will be implemented including lowering its data centre infrastructure spend.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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