Zynga executives continue to lose: "Happy Farm" general manager leaves

Source: Internet
Author: User
Keywords Executives leaving
Tags close company continue game marketing media media reports sina
Sina Science and technology news Beijing time August 31 morning, according to foreign media reports, people familiar with the situation, after a number of senior executive turnover, sales decline and share price declines, Zynga vice President Bill Moni (Bill Mooney) and Blaine Portwester (Brian birtwistle)  Has resigned. Mooney is the vice president of Zynga Studios and the popular game "FarmVille" general manager, Portwester is vice president of marketing.  People close to the situation said the two had left their jobs this week. The fall in share prices has reduced the value of employee equity, making it difficult for Zynga CEO Mark Ping Cass (Mark Pincus) to retain talent. The slowdown has led to a 71% per cent contraction in the stock's IPO price.  Pincus recently said to employees that it would grant them some stock options to compensate for the huge decline.  5 other Zynga executives were left this month, including Mike Verdu, a former chief creative officer at the company that Mack Vaudoux. Danny Dudek Dani Dudeck, a Zynga spokesman, said in a statement that the company's staff turnover rate was lower than that of other technology companies. "The voluntary turnover rate for Zynga in the first 4 years is about 1%, and the current level of turnover is lower than our previous forecasts and still below the industry average," he said. "Bing Gordon, the Kleiner partner of Zynga's director and venture capital company, believes that it is not uncommon for startups to go through this phase.  Both Amazon and Apple have been there. "Even if a brilliant founder is willing to stick to it, not everyone is willing to follow him," he said.  "said Gordon. Mooney from LucasArts Entertainment to Zynga in 2008. Portwester, a former Amazon executive, joined Zynga last year. (PEI)
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