Zynga culls 60% of Irish workforce
Twenty-two employees from social casino developerâs Ireland office let go as part of wider $100m cost reduction program
Social casino develop Zynga has made 60% of its workforce at its European base in Ireland redundant as part of its ongoing $100m cost reduction program. [private]
In a filing with the Companies Registration Office in Ireland and seen by eGR North America, Zyngaâs latest accounts reveal that 22 people at its Dublin operation have been let go, representing around three fifths of employees.
The developerâs Ireland office appears to have been hit particularly hard with Zynga culling an average of 18% of its workforce across other offices around the world.
Following the first round of redundancies, daily fantasy sports operator FanDuel hired a batch of former Zynga employees to its new office in Orlando, Florida.
A Zynga spokeswoman told eGR NA the firm does not provide details relating to âthe specific impacts of our cost reduction program on our employeesâ.
Zynga first announced its drastic cost saving plans back in May, and has since seen an uptick in revenues particularly from its social games division.
The developer recently acquired Rising Tide Games, and has launched new mobile ad platform SponsoredPLAY via its recently launched Studio E subsidiary.