Zynga's top managers continue to quit
Zynga is still feverish. Maytal Olsha, head of slots for social and mobile platforms, left the company for her own startup.As it became known recently, Olsha left her job a month ago.
According to her, the reason is the desire to “grow and move on.”Zynga declined to comment on the situation, confirming only the fact that the head of the slots department for social and mobile platforms has indeed left her post.
Recall that Maytal Olsha is not the only one of Zynga’s top managers who has recently decided to try their luck elsewhere.
Since the former head of Microsoft Xbox Don Mattrick Don Mattrick became CEO of the company, the top management has changed almost completely. Even before Mattrick’s arrival, Mark Pincus quit, followed by Barry Cottle, executive vice president of poker and casino franchises.The permutations did not end there:
the company has consistently had a new head of the gaming division, a new art director, a new head of marketing and a new finance director. The final stage was the appointment of Pete Hawley, former CEO of Red Robot Labs (Friendly Fire), to the role of vice director and general manager of Zynga.We have already mentioned the reasons.
Most likely, such dramatic changes in the management team were caused by a serious drop in the company’s revenues: in the first quarter of 2014, they decreased by 36% compared to the first quarter of 2013, and the situation did not improve in the second quarter. A source:
http://venturebeat.comZynga is a pioneer company in the social gaming market.
It was founded in 2007. Osovny capital earned on Texas Hold’em Poker (now Zynga Poker). In 2008, she collected investments of $29 million, which allowed her to acquire MyMiniLife, at that moment, who had just completed the Farmville time manager. In 2011, Zynga successfully entered the IPO, raising more than $1 billion during the placement of shares. Then the company continued its policy of acquiring promising companies. This led to a severe drop in income. As a result, in the summer of 2014, the founder of the company, Mark Pincus, resigned as CEO, giving way to the former head of Microsoft’s entertainment division, Don Mattrick.
