Zynga Shuts Down Baltimore Office, Consolidates Offices in Texas, NYC
Technology Editor, CNBC.com
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.
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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.
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"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.