Zynga layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryThe filing says the company has implemented restructurings in the past, including reducing headcount, rationalizing the product pipeline, and consolidating and closing certain facilities.

   Word for word“We have implemented a number of restructurings in the past in which we implemented certain restructuring actions and cost reduction initiatives to streamline operations and improve cost efficiencies to better align our operating expenses with our revenue, including reducing our headcount, rationalizing our product pipeline, reducing marketing and technology expenditures and consolidating and closing certain facilities .” 10-K for 2019

2. Our summaryThe company assigned its Oxford office lease, which was tied to its Q4 2017 restructuring plan. During the third quarter of 2018

   Word for word“During the third quarter of 2018, we executed an assignment of the Oxford office lease associated with our Q4 2017 restructuring plan.” 10-K for 2019

3. Our summaryThe company derecognized a restructuring cease-use liability tied to its Q2 2015 restructuring plan upon adopting ASC Topic 842 and recognized an operating lease liability for the same amount.

   Word for word“Accordingly, upon adoption, we derecognized our $ 10.9 million restructuring cease-use liability related to our Q2 2015 restructuring plan and simultaneously recognized an operating lease liability for an equal amount, with no associated right-of-use asset.” 10-K for 2019

4. Our summaryThe balance sheet shows an accrued restructuring liability that was zero at December 31, 2019 and $3,449 thousand in current liabilities and $7,613 thousand in non-current liabilities at December 31, 2018.

   Word for word“Accrued restructuring liability — 3,449 Contingent consideration payable 180,000 17,300 Accrued payable from acquisitions 30,000 35,000 Accrued lease incentive obligation — 24,895 Value-added taxes payable 2,857 2,624 Other current liabilities 8,010 9,338 Total other current liabilities $ 314,805 $ 156,829 Our accrued compensation liability represents employee bonus and other payroll withholding expenses, while other current liabilities include various expenses that we accrue for transaction taxes, customer deposits and accrued vendor expenses.” 10-K for 2019

Zynga has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Zynga’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.