GO
Loading...

Zynga Shuts Down Baltimore Office, Consolidates Offices in Texas, NYC

Monday, 25 Feb 2013 | 4:18 PM ET
Source: Zynga | Twitter

Zynga is shutting down its Baltimore office and consolidating offices in Texas and in New York to help boost its profitability, the company said in a blog post Monday.

"Whenever we make changes like this, we have to make some tough decisions around products, teams and people. We were able to relocate everyone in the Baltimore office who requested a transfer, and the overall impact of the consolidations on our team is minimal," said Zynga chief operating officer David Ko in the blog post.

Zynga Shares Up About 9.5%
Zynga shares are up more than 9 percent on news that it's closing 4 of its offices, reports CNBC's Julia Boorstin.

(Read More: SnapChat Sees Big Future in Erasable Media )

Zynga is also moving employees in its McKinney, Texas and downtown Austin offices to its Dallas and North Austin offices. Employees in the company's New York City offices will also be moved to the mobile studio in the city.

The struggling social gaming company said that the moves were part of its plan to leverage its resources and drive profitability. In October, Zynga shut down its Boston office and let go five percent of its workforce.

(Read More: Facebook Is Giving Away Free Mobile Data to Some Users )

"We still have a lot of work to do, but I'm confident that we're on the right path to deliver on the potential of Zynga," Ko said.

  Price   Change %Change
ZYGNA
---

Featured

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.