Latest in Gaming

Image credit:

Zynga loses more execs as it gets 'back to basics'


Zynga said goodbye to three more top executives in July as part of the company's transition under new CEO Don Mattrick. Bloomberg and Tech Crunch report a senior VP of games, VP of games and VP of Zynga's casino division all left (or were escorted out) this month. The latter was the least surprising of all, since the company announced it was getting out of the gambling business.

Mattrick, who took over as CEO earlier this month after his departure from Microsoft, recently said the company would get "back to basics" and take a longer term view of products. Laying out that changes were coming he said, "We have a lot of hard work in front of us and as we reset, we expect to see more volatility in our business than we would like over the next two to four quarters."

Zynga's difficulties have hit Inception levels of problems within problems within problems. The highest profile issue was in early June when the company laid off 18 percent of its employees, while the most awkward element was the closure of OMGPOP, which Zynga had acquired just a year prior for a reported $200 million.

From around the web

ear iconeye icontext filevr