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Zynga has been accused of trying to hide its actions after laying off over 100 staff on both sides of the Atlantic during the iPad Mini launch.
According to Tech Crunch, the Farmville creator has closed down it’s offices in Boston, Massachusetts, laid off two thirds of its employees at its offices in Austin, Texas and has shut down its UK development studio too.
Zynga’s share prices had recently fallen after the company was forced to reduce its earnings and revenue forecasts for the year. The user base for its game, The Ville, has fallen from 26.2 million to 17.5 million in the space of a month, while Zynga Bingo had seen its user count fall from 5.8 million to 5.4 million in the same period.
In addition to these issues, dark rumours had been rife about the company’s corporate culture. A number of former Zynga employees had come forward with tales of crushingly long hours, substance abuse, office politics and broken promises.
Although it’s clear that Zynga had its problems, the sudden collapse has caused some commentators to predict a second dotcom market crash.
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