Zynga To Cut 5 Percent Of Its Staff

Well There’s Bad News – And There’s Good News…

PORTLAND, Ore. (AP) — Online game company Zynga Inc. is eliminating games, studios and jobs in a bid to cut costs.

The maker of social-media games including “FarmVille” and “Texas HoldEm Poker” said Tuesday that it will cut about 5 percent of its full-time workforce. It’s the first-ever round of layoffs at Zynga, which is based in San Francisco and has about 3,200 employees.

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by Sarah Skidmore/AP Business Writer