As all of you know, we’ve talked a lot about one of our key strategies for 2013 is driving long term profitability. With that mindset, we are finding ways to improve our business that position us better for our future success. Today we have an update about some office changes for some of our US locations.
In an effort to leverage resources as we focus on creating franchises and driving profitability, we are consolidating three of our offices. We are closing the McKinney, Texas and downtown Austin offices and relocating those teams near-by to our existing Dallas and North Austin offices. And, we will be consolidating our NYC offices to move staff to our NYC mobile studio.
Today’s changes also include the decision to close the Baltimore studio. Whenever we make changes like this, we have to make some tough decisions around products, teams and people. We were able to relocate everyone in the Baltimore office who requested a transfer, and the overall impact of the consolidations on our team is minimal.
These changes will further enable us to focus our resources on our most strategic opportunities. We’re already working to execute on leveraging franchises to build the largest game network and be profitable on an adjusted EBITDA basis. We still have a lot of work to do, but I’m confident that we’re on the right path to deliver on the potential of Zynga.
This blog contains forward-looking statements relating to, among other things, the success of our games. The success of the matters covered by such forward-looking statements involves risks. Actual results could differ materially from those predicted or implied. Factors that could cause or contribute to such differences include, among other things, changes in player interests or the Facebook platform. More information about risks we face is included in our quarterly and annual reports filed with the SEC, copies of which may be obtained athttp://investor.zynga.com or the SEC’s web site at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this blog. We assume no obligation to update such statements.