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Zynga on Tuesday announced it was laying off 5 percent of its full-time workforce, mostly in Boston and Austin. It will also be shutting down offices in the UK and Japan.
Reuters News Service received a copy of the message to employees, which came a day before third-quarter earnings were to be announced.
"This is the most painful part of an overall cost reduction plan that also includes significant cuts in spending on data hosting, advertising and outside services, primarily contractors," Pincus said in his memo.
100 layoffs were anticipated in the Austin, Texas office alone.
13 unspecified game titles will also be shelved.
Zynga is looking to diversify into the “real money” online poker sector at the start of 2013.
- Aaron Goldstein, Gambling911.com
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