Zynga lays off employees, shuts down studios

Brier Dudley for the Seattle Times:

Word of the layoffs surfaced earlier and was confirmed in an internal memo to employees from founder Mark Pincus. The memo said the company is cutting 5 percent of its full-time workers and closing its studio in Boston. That would be around 150 of its roughly 3,000 positions. Also proposed is the closure of studios in Japan and the United Kingdom.

An early social gaming success story, Zynga flew too high, too fast and is now having to correct, at the expense of employees.