Social gaming developer Zynga is about to lay off and sell part of the business

News and Information http://www.aliyun.com/zixun/aggregation/17197.html "> Beijing time October 10, social game developer Zynga is reported to be laying off and selling part of the business.

Zynga's share price has fallen from $12 to $2 in the past 6 months, and the company has been in disarray, with several executives leaving, including the head of the poker game development team.

People close to the situation said many employees were ready to leave because department managers revealed the company would be laying off staff. Some employees also say that Zynga is rumoured to be selling their business units everywhere.

In addition, a Zynga executive has publicly accused CEO Mark Ping Cass of misleading investors about the real roots of the company's current woes. Pincus The executive believes Zynga's problem is that its business is largely driven by popular games, and that the company has not launched a popular game for a long time.

Analysts have pointed out that the time left for the company to revive Zynga's business is only 6 months. In the eyes of outsiders, however, this task is almost impossible to achieve.

Zynga has been expanding through acquisitions and recruiting new recruits, increasing the total number of employees by thousands of in a few short months. Companies like Zynga may be able to make a big profit when they catch up, but there is growing evidence that such companies will fall apart once market conditions worsen.