Zynga has confirmed the layoffs via press release, as well as the numbers (520 layoffs or 18 percent of the workforce) reported by AllThingsD. The company..Investors were unsettled by Zynga's announcement that it is cutting 520 employees, or almost one-fifth of its workforce, with shares plummeting 12% to $2..Investors were unsettled by Zynga's announcement that it is cutting 520 employees, or almost one-fifth of its workforce, with shares plummeting 12% to $2..Zynga, the social gaming services company, is laying off 18 percent of its employees in an effort to reduce its cost structure. CEO Mark Pincus announced the layoffs Monday in a note to employees posted on the company's blog. Zynga, as of the end ofZynga has been trying to leap the yawning gap from Web-based games, where it thrived, to the entirely different and more brutal world of mobile. Monday, it fell into the abyss. The San Francisco-based company, which pioneered the field of social games
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