For the new Zynga to succeed, its founder Mark Pincus had to do something he’s never been able to do — let it go. While he was largely absent, he formally stepped back from the company’s day-to-day operations today.
A million dollars isn’t cool. You know what’s cool? Bangs.
In the latest shake-up at the troubled social gaming company, the company’s second chief operating officer in as many years is stepping down.
Zynga lost another batch of executives on Monday. But they are hardly the only ones that have left in the past year or so.
One of Zynga’s brightest hopes, real-money gambling in the U.S., was purposefully extinguished. But focus might be just what Zynga needs right now.
Zynga founder Mark Pincus bowed to investor pressure Monday and relinquished his CEO role, bringing in Microsoft’s Don Mattrick to replace him. For the move to work, Pincus has to also give up management control, something he has had trouble doing in the past.
Zynga announced Monday that founder and controlling shareholder Mark Pincus would relinquish his role as Chief Executive Officer, bowing to investor pressure. The company hired Don Mattrick from Microsoft as CEO to steer a turnaround and position it for the mobile era.
A top Microsoft gaming executive is headed to Zynga. He could even be taking over as CEO of the company, according to AllThingsD.
As part of sweeping layoffs, Zynga’s New York operations were completely shut down. Here’s an inside look at the implosion.
Prior to its IPO, Zynga raided the executive ranks of its top competition, particularly Electronic Arts. Two years later, many of those top hires are already gone.
Troubled gaming company Zynga was forced to lay off 520 employees, or 18 percent of its staff, Monday. The company has lost about $5 billion in value since going public.
Earlier today, Zynga CEO Mark Pincus said he would lay off 520 employees and shut down offices in New York and other places. Here’s what it was like for the employees who got their pink slips.
Zynga is laying off 520 employees in its largest restructuring yet. Now the only question is whether it will survive as a mobile gaming company.