Social gaming giant Zynga layoffs are selling part of the business

http://www.aliyun.com/zixun/aggregation/17197.html "> Beijing time October 10 News, according to foreign media reports, science and technology blog author Nicolas Carlsen (Nicholas Carlson, wrote in Tuesday, sources revealed that the recent turnover of executives and staff of Zynga, a social-gaming developer, stems from the company's imminent layoffs.

In the past 6 months, Zynga's shares have plummeted, from 12 to $2 trillion. Within the company, Zynga is also close to chaos. Zynga's executive turnover continues, and Lawrence Tony Laurence Toney, general manager of the company's poker game "Zynga Poker" (Zynga poker), has resigned from the company. and Zynga employees say they are now leaving the company because managers have told them that Zynga will soon be laying off workers. Other sources say Zynga is peddling part of the business.

An unnamed Zynga executive sent Ane-mail to tech blog BusinessInsider in Monday to Mark Ping the company's chief executive, Mark Pincus, for misleading investors about the company's root causes. The current problem for Zynga, says the executive, is that it relies on rage business rather than developing a product that can be popular in the long term.

A market analyst believes that the company has 6 months to reverse the current downturn. But from the current point of view, this is almost impossible to complete the task. Zynga's growth is inseparable from aggressive acquisitions and rapid staff expansion. In a short period of time, the company's number of employees reached thousands of. When markets are in good shape, the patchwork system seems to work. But there are plenty of signs that the structure will collapse when there is pressure.

Zynga's shares rose 0.01 dollars in conventional trading in the Nasdaq Stock market in Tuesday, up 0.21% per cent to 2.44 dollars. At the end of last year, Zynga's lowest share price was $2.21 and the top price was $15.91. According to current stock prices, Zynga is worth about $1.85 billion trillion.