Zynga Founder Pincus to Cut 18% of Jobs After Return as CEO

Zynga Inc. founder Mark Pincus is cutting 18 percent of the casual-games company’s work force, less than a month after retaking the reins as chief executive officer.

The firings, amounting to 364 jobs, are part of a cost-reduction plan that will save $100 million annually, the company said Wednesday in a statement. Pincus, who replaced CEO Don Mattrick on April 8, is also cutting back on outside services and reducing central functions as he works to develop hit titles for mobile devices, he said in an interview.