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After Layoffs, Zynga Hits Crossroad For Survival

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Zynga CEO Mark Pincus broke the news of massive layoffs at his social gaming company to his staff with a sober email: "Today is a hard day for Zynga and an emotional one for every employee of our company."

Zynga Lays Off 580 Employees

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Zynga, the social gaming company behind CityVille, Words With Friends and Draw Something, is laying off 580 people and closing offices in New York, Dallas and Los Angeles.