Late on shift to mobile, Zynga to lay off 18% of its staff
Share Now on:
Zynga, the company best known for social media games like Facebook’s Farmville, is laying off nearly 20 percent of its current workforce. Zynga closed an office in Boston last fall, and will now close down its LA and New York and Dallas operations, according to AllThingsD.
So why is the gaming company struggling? Evelyn Rusli at the Wall Street Journal says Zynga has had a lot of problems — but a major one sticks out:
“They were caught, essentially flat-footed, in the transition to mobile,” Rusli says, “and caught off guard by how fast people would adopt smartphones and switch their usage to smartphones as opposed to desktops.”
Some analysts hope Zynga might still do well by getting into legal online gambling.
News and information you need, from a source you trust.
In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.
This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.