Zynga cuts 60% of Irish workforce

Implementing corporate costs saving measures, embattled Zynga Inc is reported to have reduced its Irish workforce by 60%.

Irish news sources report that the social gaming operator has made 22 Dublin staff redundant, as part of ongoing measures to reduce its global workforce by 18%.

Struggling Zynga is aiming to reduce its operational costs, as the operator suffered declining revenues of $100 million in 2014. Zynga governance is further reported to want to implement greater control on its losses, which have increased from $5 million to $87 million.

In a recent director report, Zynga Inc commented on its international divisions “there is a decline in revenues driven by a global decrease in sales year over year. The decrease in revenue is mainly due to a decrease in user-pay bookings as well as revenues from certain games decreasing”.

With founder Mark Pincus returning as CEO this April replacing outgoing Don Mattrick, Zynga has moved to restructure its underperforming international divisions.

Zynga governance had stated in May that it would begin to introduce its cost reduction plan, which would see it cut an estimated 366 employees from its global workforce. The operator has further pointed to making significant reductions in its operational infrastructure.