Zynga Will Cut 364 Jobs This Year

<p>The social game company Zynga will reduce its workforce by 18&percnt; over the next 12 months&period; This means that 364 employees will lose their jobs as the publisher attempts to save costs&period;<&sol;p>&NewLine;<p>Zynga lost &dollar;46&period;5 million in the first three months of 2015&comma; despite a 9&percnt; rise in revenue to &dollar;180 million&period; It hopes that the workforce reduction will save them &dollar;45 million&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Over the years we&&num;8217&semi;ve seen that tighter&comma; more nimble teams can drive faster innovation and deliver more player value&comma;&&num;8221&semi; said Mark Pincus&comma; founder of Zynga&period; &&num;8220&semi;This was a hard but necessary decision and I believe this plan puts us in the best long term position for success&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Zynga went through a <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;zynga-laying-off-18-of-staff-undergoing-company-wide-changes&sol;">similar cost-saving process two years ago<&sol;a>&period; The company will launch between six and eight new games in 2015 to try and restore profitability&period;<&sol;p>&NewLine;<p>Via <a href&equals;"http&colon;&sol;&sol;investor&period;zynga&period;com&sol;releasedetail&period;cfm&quest;ReleaseID&equals;911378">Zynga<&sol;a><&sol;p>&NewLine;