Zynga closes Boston office

Zynga closes Boston office

Zynga, a social game provider based in San Francisco, CA, has announced the closure of its Boston office as well as a 5% decrease in its full time work force of 2,900 employees. Reductions are part of a cost-cutting campaign the company has undergone due to recent declines in earnings.

The company has also cut spending on data hosting, advertising, and outside services. Since going public for $10 a share last December, Zynga is now trading at only $2.27 a share.

The Boston office was located at 614 Massachusetts Avenue in Cambridge.

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