) has started a firing spree this week. According to
, the FarmVille maker has shut down its Boston office and laid
off a good chunk (two-thirds) of the employees working at its
Zynga has apparently given its former employees just two hours
to clean out their desks. They may also be barred from talking
about what happened. Without a contract stating that fact, former
staffers are likely to hit the Web and start spreading the news,
which they might have done anyway.
The saddest part about Tuesday's news is that the Boston
saved. Zynga was reportedly "enthusiastic" about an upcoming
product that was ready for release. In the end, the company
decided to scrap the project in order to reduce overhead.
That might not have been a bad move. While Zynga cannot turn a
profit without releasing new games, its existing lineup is
not getting the job done
. If this new game was anything like the last, it would have
turned out to be another clone of an existing property. And that
only lead to trouble
As a result of the layoffs, Zynga is down another five percent
TechCrunch believed that there is "still hope for the company
if it can find a way to inspire remaining employees to stay and
fulfill the company's mission of connecting the world through
Investors should not get their hopes up. The CityVille
enterprise has been playing that game and singing that tune since
the day the company was founded. Zynga is no better today than it
was five years ago.
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