Zynga to cut 5 per cent of its staff

Online game company Zynga is eliminating games, studios and jobs in a bid to cut costs.

The maker of social-media games including FarmVille and Texas HoldEm Poker said on Tuesday that it would cut about 5 per cent of its full-time workforce. It’s the first-ever round of layoffs at Zynga, which is based in San Francisco and has about 3,200 employees.

Zynga also said it will get rid of 13 older games and reduce its investment in the game The Ville. It will close its studio in Boston and may close studios in Japan and Britain. It runs 18 studios worldwide.

via Business feed http://www.scmp.com/business/companies/article/1068506/zynga-cut-5-cent-its-staff