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Tag Archives: Zynga

Zynga appoints ex EA executive as CFO

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With a net income of more than  $120 million in the red, Farmville creator Zynga is not in the strong financial position it once was. Perhaps because of that it’s hired on a new chief financial officer (CFO). Drawing from a similar well as it has in the past, Zynga …

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Zynga has a new CEO, can it save the tumbling firm?

Once upon a time Facebook gaming kingpin Zynga, has had a changing of the guard at the very top of its organisation. Two time CEO and founder, Marc Pincus is gone again, this time being replaced by ex-executive vice president at EA Games, Frank Gibeau, who has sat on the …

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Zynga to cull another 350+ staff

Zynga has fallen far from its peak when share prices were good and tens of millions of people played its games every day via Facebook. It still makes a reasonable living from its various freemium titles, but things aren’t what they once were. Which is perhaps why the higher ups …

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Don Mattrick ousted from Zynga, stock bombs

When Don Mattrick made a pig’s ear of the Xbox One unveiling, suggesting that users without decent internet should just buy an Xbox 360 among other things, no one thought he would be hired on by another large gaming company, but that’s exactly what happened. Just a short while after …

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King compared to Zynga as share prices tumble

Having a breakout application like Candy Crush Saga is a great way to earn yourself a lot of money very quickly, even if only a small per centage of the user base actually pays anything. Buy as we saw with Zynga in the past, it’s not easy to continue the …

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Cliff Blezinski signs with Nexon, met with Zynga

In case you hadn’t heard, Cliff Blezinski, one of the minds behind the development of Unreal Tournament and the Gears of War franchise at Epic Games, has a new gig. He’s opened his own studio, Boss Key Productions and he’s making a free to play, PC arena shooter, set to …

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Zynga buys new developer, fires old ones

Zynga, the Facebook game maker with an ex-CEO that doesn’t really like contemporary gaming, and a current one that said if your internet sucks, get an Xbox 360, has announced the acquisition of another developer, taking on all of its staff and facilities. This time around its CSR Racing developer …

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Zynga profits drop, but not by that much

Zynga yesterday released it’s quarterly report for earnings, the first one since ex-Xbox One launch man Don Mattrick jointed the company as CEO and while profits and revenue are down on this period last year, it wasn’t quite as bad as expected. According to Bloomberg estimates, while it was predicted …

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OMGPOP almost saved by old employees

Original Draw Something developer OMGPOP, was bought by Zynga last year for a cool $180 million (£117.36 million) and then closed down this year after the world and his dog forgot about the pictionary style game and its sequel. The team didn’t go down without a fight though. They even …

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Zynga business details appear in wake of mass layoffs

While Zynga higher ups might have been hoping that the staff members it fired out of the blue just a few days ago, would ride off into the game development sunset, that’s not how it works when there’s an internet to please. One disgruntled ex-employee has conducted a Reddit AMA, …

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Zynga blew $200 million on OMGPOP and then shut it down

Remember when Zynga bought up the developers of hugely popular fad game, Draw Something, last year? Remember when it signed the cheque for $200 million? Remember when Zynga went on to shut down that same company and fired almost everyone involved, just over a year later? That just happened. We …

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Zynga culls another 500 staff

Zynga has been bleeding staff and studios all over the world since its height, early on last year. Since then, it’s consolidated and consolidated some more and recently, it’s felt the need to do so again, cutting another 520 staff from its roster, in what’s being described as a “restructuring …

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Zynga income is up, but user numbers continue to fall

The first financial reports for Zynga’s 2013 financial year are in and while income is on the rise, the number of people actually playing the games made by the Facebook publisher have continued to fall, with a 21 per cent drop off in active players since the same time in …

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GM at Zynga just walked out

Zynga’s general manager at the New York studio, has officially left the company in what has been described as a “mutual decision,” with Zynga’s current VP of mobile development, Sean Bueroi, taking over the studio until a replacement has been found. Porter was initially picked up by Zynga as part …

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Zynga continues 13 game shut down

Petville

Following on from its announcement earlier in the year that it planned to end the lives of 13 of its games, Zynga has begun that process, closing down 11 of them, including: Petville, Mafia Wars 2, Vampire Wars, ForestVille and Fishville among others. Don’t worry though, Zynga has recommendations for …

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Zynga to shut Japanese studio in further consolidation

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Zynga has confirmed that it will be shutting down its Japanese studio, in an effort to curb the less profitable parts of its business. Despite quickly becoming a billion dollar company, in the past year it has seen layoffs, lawsuits and player reductions that have really hit home that all …

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Anonymous settles Zynga in its sights

Anonymous

Anonymous has targeted Facebook game maker Zynga, in its latest hacktivist action, announcing its intention to release reams of internal information about a possible layoff of nearly 1,000 more employees. The collective also plans to let loose the developer’s entire game catalogue for free, unless it goes back on its …

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Zynga continues to crumble, lays off more staff

Zynga

Zynga announced yesterday that a further 5 per cent of its staff – totalling 120 people – had been let go and the Boston Studio had been officially closed. The Chicago office is also being downsized and there are suggestions that both the UK and Japan based branches of the …

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