4 Tech Stock Stories for Monday Investment Scanning
Zynga (NASDAQ:ZNGA): Current price $3.53
In a move to further reduce costs, Zynga is shutting its Baltimore studio, thereby consolidating its presence in New York City and Texas. This closure follows a series of cost-cutting endeavors that included shutting its Boston and Tokyo offices, along with layoffs for around 5 percent of the firm’s workforce. Those decisions allowed Zynga to save $25 million last quarter.
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