More on Zynga: The company confirms the layoffs. Zynga is also warning its Q2 bookings will be in the low half of its guidance range of $180M-$190M - while the FarmVille franchise is still faring well, other games are underperforming. The company's Q2 revenue and EPS forecasts, and its 2013 adjusted EBITDA forecast, are reaffirmed. Zynga expects its layoffs to result in $24M-$26M in Q2 pre-tax charges, and $2M-$5M in Q3 pre-tax charges. Mark Pincus: "The scale that served us so well in building and delivering the leading social gaming service on the Web is now making it hard to successfully lead across mobile and multiplatform." Shares are halted.
More on Zynga: The company confirms the layoffs. Zynga is also warning its Q2 bookings will be...
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Take-Two Interactive Software, Inc. |