Tuesday February 26,2013 : MORE CONSOLIDATION AT ZYNGA
Baltimore office closed
Online social gaming provider Zynga, which is believed to be in the final stages of preparing for a real money internet casino and poker launch in the UK , followed up on its statement that it would be cutting costs and focusing on core products by shutting down its Baltimore office last week, and "consolidating its presence in Texas and New York."
The move affects about 1 percent of total staff complement of 3,000 a company exec revealed.
Zynga offered the Baltimore employees a chance to transfer to other positions in the company, Zynga COO David Ko revealed, adding that around half of the approximately 30 Baltimore employees decided to stay with the San Francisco-based company.
Zynga has also consolidated its teams in offices located in McKinney, Texas, with its downtown Austin offices and will move them all to its Dallas and North Austin offices, whilst in New York, Zynga is closing down its offices and moving the staff to its NYC mobile studio.
Zynga laid off 5 percent of its workforce in October, shutting down its Boston office. It also said it was planning to close its U.K. and Japan studios.
The moves follow a sinking share price which has more recently improved on news that individual states in the USA are starting to legalise online gambling, an industry in which Zynga has been building a presence through both social gaming and real-money initiatives.