Zynga's (ZNGA) New Game: 'Explain Something'

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Go back to Zynga's (ZNGA) New Game: 'Explain Something'

Zynga (ZNGA) Announces 'Substantial' Cost Reductions; Updates Q2 Outlook

June 3, 2013 2:54 PM EDT

Zynga Inc. (Nasdaq: ZNGA) announced substantial cost reductions, including a workforce reduction and closure of various office locations that will result in an estimated $70 million to $80 million in pre-tax annualized cash expense savings.

As part of these initiatives, Zynga expects to complete a reduction in force of approximately 520 employees... More