Zynga Strips COO And Veteran Game Developer John Schappert Of Creative Duties

Following last week's poor quarterly earnings report and a subsequent flurry of legal investigations (complete with at least one insider trading lawsuit so far),Bloombergreports that Zynga announced a new plan to dramatically restructure the roles of its senior executives on Wednesday morning, stripping Chief Operating Officer John Schappert of his product oversight responsibilities.


Reuters Zynga is planning a dramatic internal restructuring following last week's poor financial performance that includes stripping the current COO of his product oversight responsibilities, according to sources within the company. But will this actually help the company recoup some of its losses?

Sponsored Link

5-Star Stock Pick: CTLE

While it is not clear what Schappert's new role will be at the company, the Bloomberg report states that he will most likely retain his title as COO for the time being. A spokeswoman for Zynga told the Wall Street Journal that the company "reorganized [its] teams" in order to more fully "unify [the] company around a multiplatform approach," adding that "players

" Though news of Zynga's restructuring is still developing. Schappert came to Zynga little more than a year ago after a long and successful career in AAA game development. whose own restructuring allegedly made it more difficult for users to access Zynga's various IPs that function almost exclusively on the social media site. sources say that that the company's recent underperformance is being blamed on Schappert. casual games are the way of the future. Zynga is facing a much deeper and more persuasive problem than one of staffing: the heralded "transformation" of the game industry may not be happening at all.expect their favorite games on every platform and we want to unlock everyone in the company to continue moving quickly against the multi-platform opportunity. and Steve Chiang. one of the largest console game developers in the industry. told Bloomberg. Executives such as Schappert are weighing their options betting that social." In the immediate aftermath of last week's shares plunge. an analyst at BTIG LLC in New York. Pincus himself has come under intense scrutiny for selling off shares of his company shortly before their prices took a steep plunge. Dean Takahashi of VentureBeat wrote at the time: "Schappert's move is one more example of the transformation happening in the game business: Users are flocking to social games such as Zynga's CityVille and FarmVille games. who runs the company's mobile operations." Richard Greenfield. These changes favoured new games. At the time of his sale. that number has dropped to less than $3 a share. anonymous sources claimed that the as-yet undisclosed plan is that they will report directly to Mark Pincus. "The real question I think everyone should be asking is why it took reporting a collapse in earnings to make a management change. leaving many within the company to lose faith in the former industry titan. Schappert himself said at the time: "Facebook made a number of changes in the quarter. leaving companies like Zynga overinvested in an unreliable and unstable medium. rising to the level of COO at Electronic Arts (EA). But more generally. "The place is in utter meltdown mode." Now. When he was hired by Pincus in July of 2011. Since the weak earnings report. shares were selling at around $12 each. the reports state that David Ko. Zynga's CEO. executive vice president of games will no longer report to Schappert. Our users did not remain as engaged and did not come . Instead. many videogame journalists and industry analysts hailed it as a sign that the entire industry was leaning towards the lucrative possibilities found in social and online gaming. Zynga's top executives tried to reassure investors and customers that much of their current predicament can be attributed to an overreliance on Facebook.

" the column argued.ibtimes." In response.back as often. Gamasutra called the decision "the company's most bone-headed move in years. This renewed emphasis may finally alleviate some of Zynga's reliance on Facebook.” COO says. and should things slip further.com/zynga-strips-coo-and-veteran-game-developer-john-schappertcreative-duties-734710 Zynga To Close Baltimore Office. who will now oversee game development." arguing that it "could cause even more stock turbulence" in the future. according toFacebook's SEC filing on Tuesday." http://www. the relationship between the two tech companies is highly asymmetrical-Facebook accounts for roughly 80% of the total value of virtual goods sold in all of Zynga's games. are suspicious of the creative direction Zynga is taking by demoting one of its most experienced employees. Zynga (NASDAQ:ZNGA) is closing down and “consolidating” more of its regional studios in its mission to reach “long-term profitability. The reorganization was thus supposedly part of the company's effort to prioritize mobile software development throughout Zynga. who often cover the industry from a more cultural and entertainment-oriented perspective than a strictly business one. Bloomberg's sources say. doesn't have the experience. But as the Gamasutra article grimly forebodes: "The worst may be yet to come.” the game developer announced Monday. such as online gambling." How Zynga will work its way around social gaming's current predicament is yet to be seen. Yet many videogame journalists. "Investors may want a scapegoat. "but Schappert is one of the most game-savvy executives the company has. Mark Pincus. the company reiterated its future plans to expand into the mobile space and capitalize on other trends in gaming. . while Zynga contributes 14% of Facebook's revenue. it will further undermine confidence in his leadership abilities. At present. Ko will work with Chiang to bring more of the company's top talent to designing smartphone and tablet apps. Consolidate Texas And New York Studios “We are finding ways to improve our business that position us better for our future success.

.” “As all of you know. we are finding ways to improve our business that position us better for our future success.” Ko wrote. Reuters Zynga announced Monday that it is closing down and "consolidating" its offices in New York and Texas to cut costs. “With that mindset. In his statement on the company’s blog. but COO David Ko said in astatement that an unspecified number of employees will be relocated to Zynga’s two remaining offices in the state.. The latest round of restructuring will close an office in Baltimore and consolidate the struggling social game developer’s headquarters in New York and Texas.” . we’ve talked a lot about [how] one of our key strategies for 2013 is driving long-term profitability.  Could Nevada’s New Online Gambling. New York City offices will be similarly restructured around Zynga’s mobile studio there. Ko described the restructuring as “an effort to leverage resources as we focus on creating franchises and driving profitability.. The Texas offices in McKinney and downtown Austin will be closed.. RELATED  Zynga 4Q Earnings Preview: Game.

but he later told VentureBeat that “these steps will affect approximately 1 percent of our workforce and enable us to focus our resources on the most significant growth opportunities. More recently.” Ko concluded in his statement Monday.” Ko left the official number of layoffs vague in his statement on the company’s page. the studio has seen a gradual recovery. Just last week. “but I’m confident that we’re on the right path to deliver on the potential of Zynga. Late last year. and the overall impact of the consolidations on our team is minimal.” Zynga shares jumped once again during Monday trading on news of the company’s latest round of consolidations. capping several months of lobbying and corporate restructuring on Zynga’s part to rebuild itself as a real-money gaming outlet.44. David Ko said during a post-earnings report call with investors that Zynga would slim down its operations to cut costs and focus on a small number of its most lucrative game properties. “We still have a lot of work to do. during a high-profile announcement from Apple (NASDAQ:AAPL). Zynga Promotes David Ko and CFO Exits for Facebook . however. Despite eking out a profit on better-than-expected revenue. http://www.” an estimate that AllThingsD said tallied about 30 current Zynga employees.He said Zynga would “relocate everyone in the Baltimore office who requested a transfer.69 per share before falling back slightly to close at $3.com/zynga-close-baltimore-office-consolidate-texas-new-york-studios1103251 In a High-Level Restructuring. This latest round of layoffs and closures comes shortly after Zynga beat dismal analyst expectations for its fourth quarter earnings.ibtimes. the company announced a series of dramatic layoffs and studio closings to correspond with cuts in its full-year financial outlook. rising more than 10 percent to $3. its stock surged on news that Nevada had enacted a law permitting online gambling in the state.

13 a share. Most of the other departures. In a release. including several general managers. . which have been numerous. to the position of chief operations officer. Mark. he’s joining Facebook as VP of corporate finance and business planning. 2012 AT 1:26 PM PT inShare Share Print Zynga has unveiled a new management team today after losing a number of high-level executives over the past few months as its stock price has plummeted. Dave Wehner. Steven Chiang becomes president of Games. By looking internally for replacements for the several departures. shares are trading just four cents above the company’s all-time low of $2. Barry Cottle takes over as chief revenue officer. As part of the shake-up. The promotions. the company’s chief marketing and revenue officer. it demonstrates the deep talent pool that is still working at the social games giant. marks the importance in emphasizing mobile gaming over Facebook games as the platforms change in popularity. who was CFO. Zynga’s stock is up just a couple of pennies in after hours following the news. have been on the games front. he has served as the company’s chief accounting officer. The company also lost Jeff Karp. and Mark Vranesh is the new CFO and chief accounting officer. Zynga CEO and founder Marc Pincus said. Barry and Steve are rooted in our culture. has resigned. David. the former chief mobile officer. who left the company in August after Zynga reported poor second-quarter results. committed to our future and part of the talented bench of leadership at Zynga.” Vranesh previously served as the CFO of Zynga from May 2008 until August 2010.      NOVEMBER 13. who Cottle will obviously be replacing. I’m confident we have the right team to deliver on our mission of connecting the world through games and position us for long-term growth. “Dave [Wehner] remains a good friend to us all and we wish him success in his next role. Since August 2010. The restructuring includes appointing David Ko. including Ko’s move to COO. Ko will be replacing John Schappert. A Facebook spokesperson confirmed the appointment and said he will be reporting to Facebook’s CFO David Ebersman.

I also wanted to let you know that our CFO. Since joining us in 2010. publishing and real money gaming. distribution. As CFO. In his new role. but it’s been great to see so many of you step forward to put us on the move again. We are positioning ourselves for long-term growth and I’m confident that we have the breadth and depth of management talent to deliver on our mission of connecting the world through games. Steve Chiang has been named our president of games where he will oversee all games and new IP development across web and mobile and unite all of our game teams under one leader. Barry is a seasoned leader having built and scaled businesses for Palm. Barry Cottle has been named our chief revenue officer and will be responsible for corporate and business development. we’ve all seen Dave scale our mobile organization.Here’s the note that Pincus sent to the troops today: Team: Today we’re announcing some important changes to the responsibilities of our senior team. David Ko has been named chief operations officer. he will oversee strategy planning. 2012. We’ve all seen Steve guide the game development of Bubble Safari. international. The Walt Disney Company and Electronic Arts. With some of our recent game success and the great work that’s being done to move with our players to mobile. the senior team and the whole company. These changes come at an important time. He remains a good friend to us all and we wish him success in his next endeavor. Mark built and ran our finance. accounting and controls functions and transitioned to the role of chief accounting officer in 2010. Dave provided great leadership to our financial team over the past two years. In a High-Level Restructuring. 2012 AT 1:26 PM PT . we’re making progress. strategic partnerships. grow our portfolio by 25 new games and help unite game development teams on our cross platform efforts. advertising sales and operations. Mark Vranesh has been named our chief financial officer. We still have a lot of work to do. This is a role he knows well – he was our CFO during our rapid growth as a private company. helping guide the company’s transition from startup through IPO. ChefVille and FarmVille2 among others. Dave has been a great partner for me. We are also today reaffirming our 2012 financial outlook that we communicated on October 24. Dave Wehner is leaving to accept a senior position with Facebook. Zynga Promotes David Ko and CFO Exits for Facebook NOVEMBER 13. infrastructure and operations of the company. He has more than 20 years of experience in the game industry building AAA titles and teams.

David Ko has been named chief operations officer. has resigned. international. it demonstrates the deep talent pool that is still working at the social games giant. Since August 2010. shares are trading just four cents above the company’s all-time low of $2. Zynga CEO and founder Marc Pincus said. The restructuring includes appointing David Ko. Barry and Steve are rooted in our culture. As part of the shake-up. The promotions. committed to our future and part of the talented bench of leadership at Zynga. which have been numerous. he will oversee strategy planning. Most of the other departures. infrastructure and operations of the company. the former chief mobile officer. Barry Cottle takes over as chief revenue officer. Here’s the note that Pincus sent to the troops today: Team: Today we’re announcing some important changes to the responsibilities of our senior team.” Vranesh previously served as the CFO of Zynga from May 2008 until August 2010. In a release. who left the company in August after Zynga reported poor second-quarter results.Zynga has unveiled a new management team today after losing a number of high-level executives over the past few months as its stock price has plummeted. Mark. In his new role. have been on the games front. The company also lost Jeff Karp. the company’s chief marketing and revenue officer. he’s joining Facebook as VP of corporate finance and business planning. including several general managers. including Ko’s move to COO. who was CFO. I’m confident we have the right team to deliver on our mission of connecting the world through games and position us for long-term growth. By looking internally for replacements for the several departures. Since joining us in . to the position of chief operations officer. Zynga’s stock is up just a couple of pennies in after hours following the news. David. A Facebook spokesperson confirmed the appointment and said he will be reporting to Facebook’s CFO David Ebersman. marks the importance in emphasizing mobile gaming over Facebook games as the platforms change in popularity.13 a share. Dave Wehner. he has served as the company’s chief accounting officer. and Mark Vranesh is the new CFO and chief accounting officer. Steven Chiang becomes president of Games. Ko will be replacing John Schappert. “Dave [Wehner] remains a good friend to us all and we wish him success in his next role. who Cottle will obviously be replacing.

The Walt Disney Company and Electronic Arts. the senior team and the whole company. We are also today reaffirming our 2012 financial outlook that we communicated on October 24. I also wanted to let you know that our CFO. he set forth the first move: He has cut about 5%of the workforce. publishing and real money gaming. accounting and controls functions and transitioned to the role of chief accounting officer in 2010. and more cutbacks. With some of our recent game success and the great work that’s being done to move with our players to mobile. Dave provided great leadership to our financial team over the past two years. He remains a good friend to us all and we wish him success in his next endeavor. Mark built and ran our finance. InvestorPlace Writer & IPO Playbook Editor When Zynga (NASDAQ:ZNGA) announced an earnings warning in early October. http://allthingsd. Dave has been a great partner for me. Barry Cottle has been named our chief revenue officer and will be responsible for corporate and business development. we’re making progress. We still have a lot of work to do.com/20121113/in-a-high-level-restructuring-zynga-promotes-david-ko-andcfo-exits-for-facebook/ http://en. we’ve all seen Dave scale our mobile organization. distribution. which comes to 142 people. but it’s been great to see so many of you step forward to put us on the move again. Barry is a seasoned leader having built and scaled businesses for Palm. So yesterday. Dave Wehner is leaving to accept a senior position with Facebook. Steve Chiang has been named our president of games where he will oversee all games and new IP development across web and mobile and unite all of our game teams under one leader. We are positioning ourselves for long-term growth and I’m confident that we have the breadth and depth of management talent to deliver on our mission of connecting the world through games. These changes come at an important time. 9:04 am EDT | By Tom Taulli. strategic partnerships. He has more than 20 years of experience in the game industry building AAA titles and teams. helping guide the company’s transition from startup through IPO. We’ve all seen Steve guide the game development of Bubble Safari. As CFO. Mark Vranesh has been named our chief financial officer.org/wiki/Zynga Zynga Goes Into Restructuring Mode A 5% workforce reduction. 2012. advertising sales and operations. grow our portfolio by 25 new games and help unite game development teams on our cross platform efforts. ChefVille and FarmVille2 among others. 2012. This is a role he knows well – he was our CFO during our rapid growth as a private company.wikipedia. CEO Mark Pincus said cost-cutting would be a priority.2010. are coming Oct 24. .

a site dedicated to the hottest news and rumors about initial public offerings. Zynga will cut back on data-hosting. he did not hold a position in any of the aforementioned securities. Zynga plans to announced its earnings. The company expects to generate revenues of $300 million to $305 million and post a loss of 1 cent a share. After the market closes today. have been gaining market share.” Follow him on Twitter at @ttaulli.indiatimes. like Kixeye and Wooga. marketing and contractors. Mark Zuckerberg noted the travails at Zynga. ******http://investorplace.This will mean the closure of Zynga’s Boston office as well as the possible shutdown of the operations in Japan and the U. which is the developer of Draw Something. As of this writing. Facebook Gets Mobile Juice At the same time. For example.com/topic/tech-tech-news-internet-Zynga-shuts-down-11-gameson-Facebook-articleshow-17841163 . Tom Taulli runs the InvestorPlace blog IPOPlaybook. Unfortunately. Staff will also be reduced in the Austin location.indiatimes. Zynga has had a tough time creating hit games and has not been able to make the transition to mobile. its $180 million acquisition for OMGPop.com/topic/tech-tech-news-internet-Zynga-surprises-investors-withQ4-profit-shares-up-articleshow-18365660/news/ http://timesofindia. He is also the author of “How to Create the Next Facebook. In fact. The company will also sunset 13 games (specific titles weren’t mentioned). He said its rivals.K. has been a disaster. on Facebook’s (NASDAQ:FB) earnings call yesterday.com/ipo-playbook/zynga-goes-into-restructuring-mode/ http://timesofindia.

to go public in 2014: Report Video game publisher Electronic Arts and social gaming company Zynga have agreed to settle competing lawsuits over alleged copyright violations and the recruiting of . Zynga settle competing lawsuits Reuters | Feb 16. RELATED      Zynga surprises investors with Q4 profit.Electronic Arts. shares up FarmVille-maker Zynga to launch new game Elite Slots Zynga tops profit. 2013.39 PM IST 0 comments 0 inShar e Share More A A READ MORE Zynga EA Lawsuit|Zynga EA Anti-Poaching Case|EA Vs Zynga|Zynga|Electronics Arts Electronic Arts and social gaming company Zynga have agreed to settle competing lawsuits over alleged copyright violations and the recruiting of employees. sales estimates as it cuts costs in fourth quarter 25 hottest games on Facebook in 2012 Twitter worth $11 billion. 04.

Electronic Arts had alleged that Zynga's new game "The Ville" ripped off EA's "The Sims Social. accusing Electronic Arts of trying improperly to stop employees from switching companies. and who had access to critical information on how that game was developed. In afternoon trading on the Nasdaq. surprising analysts who expected a loss.95. In October. several companies agreed with U. The company on February 5 reported a $6.S. but posted a net loss of $209. In 2010. Zynga said this violated a 2011 agreement between the companies over employee solicitations. Terms of the settlement were not disclosed. 12-04099. and shares of Zynga were down 6 cents at $3.9 million adjusted fourth-quarter profit. The case is Electronic Arts Inc v Zynga Inc. but both companies agreed to permanently drop claims they had raised in litigation begun last August in San Francisco federal court. California. Six weeks later. Northern District of California.employees. antitrust authorities to stop entering such agreements. US District Court.5 million for all of 2012. and Electronic Arts is about 25 miles south in Redwood City. No. Zynga said it would significantly scale back its investment in "The Ville" as part of a cost-cutting plan that included the phasing out of 13 older titles." Silicon Valley companies compete intensely to attract talented employees. In separate emailed statements on Friday. . Electronic Arts spokesman John Reseburg and Zynga spokeswoman Kelly Kunz said: "EA and Zynga have resolved their respective claims and have reached a settlement of their litigation in the Northern District of California." It said Zynga was able to clone "The Sims Social" in part with the help of executives it had hired away from Electronic Arts. Zynga is based in San Francisco. but sometimes agree to refrain from poaching each other's workers. Zynga countersued. shares of Electronic Arts were down 20 cents at $16." which had been launched the prior August and at one point become Facebook's second most popular game ahead of Zynga's "FarmVille.19.

Zynga certainly ticks that box . and a long-term reinvention strategy whereby. There are. IPs and consumer confidence. but despite the knee-jerk stock reaction to the bwin news. Zynga is looking to reposition itself as an real-money gambling provider. several reasons why a merger with Yahoo wouldn't work for Zynga and it's unlikely that CEO Mark Pincus would consider it.it might be down on its financial luck. In the past. staff. Since the start of 2013. In the meantime. Yahoo CEO Melissa Mayer is frustrated with the company's lax hiring practices and is looking to shore-up her staff with more talented engineers. she's overseen overhauls of Yahoo Mail and picture-sharing service Flickr.60. who. there is also speculation that Zynga's stock hike may be the result of a possible merger with web service provider Yahoo. starting at $2. however. which between 2010 and 2011 saw its net revenues rise from €357m to €674m. Not only does it have to wait for approval from Nevada. it is launching two big gambling sites in the UK. As reported by Reuters. Zynga faces a very long process of repositioning. during which Zynga lost revenue. but in regards to a long-term turnabout strategy. was "honoured" by Washington Post writer Sydney Finkelstein as the fourth worst CEO of the year. it seems like a good fit. let's look at Zynga's real money gambling strategy. Also to keep in mind is Mayer's policy of redesign. 12 March.39 (£1. Real money But first. Zynga was a company aimed primarily at casual gamers. Zynga has already applied for preliminary approval to run RMG games from Nevada. beginning in the UK. Now.cms After a catastrophic 2012. Zynga Plus Poker and Zynga Plus Casino. that's good. It's not an enormous. Zynga's stock has risen by a massive 67 percent. where gambling is legal. as it moves . As reported . On paper. Through a recently announced partnership with gaming giant bwin.indiatimes. but it's nevertheless packed with designers responsible for games like Mafia Wars and FarmVille. it also has to begin all over again to market itself to consumers. which has seen Zynga close several of its big games. the company will move away from casual and social games and into real-money gambling (RMG). making it a now-cheaperthan-ever resource for quality staff. Finkelstein criticised Pincus for his rash decision to purchase Draw Something maker OMGPop for $180 million. at $3.and roundly discredited . the ailing social game maker's fortunes finally seem to be on the turn.com/tech/tech-news/software-services/Electronic-ArtsZynga-settle-competing-lawsuits/articleshow/18529949.60) on 7 January closing yesterday. Perhaps Yahoo's gaming wing could be the next to undergo a reshuffle and having Zynga on board would certainly go some way to making that happen. a partnership with a steady company like bwin. It's a turnaround spurred by a massive corporate restructuring plan. Since joining Yahoo last July.http://timesofindia. puts Zynga in a much safer position.01 and peaking at £1. popular spark like OMGPop. So. with its catalogue of colourful Facebook games. never dipping below £1. It represents a change of tack for both Zynga and Pincus. bwin's stock has held steady throughout 2013. though the license takes 18 months to process.by the Wall Street Journal. at the end of 2012. over the next two years. but the move toward RMG games represents anything but hastiness. Far from the month-long flash-in-the-pan that was Draw Something.77 per share.

leading to November last year. the 30 percent cut that Facebook collected on all Zynga's revenues became a massive drain. Zynga just needs to survive. from hereon. ready audience for its new range of RMG games.uk/zynga-stock-price-rise-facebok-casino-real-445661. This means a different advertising strategy and also. FarmVille and CityVille have been hemorrhaging users anyway (CityVille 2 has already been shut down) and if Zynga has learned anything from 2012. After a disastrous year. is unclear. it would also leave the company in another situation where it was sharing revenues.towards the RMG market. but for now. the company is aiming at a very different market. it needs to appeal to different people. it's that spreading its business across dozens of different games is a recipe for disaster. the share hike providing. Big investments and big mergers might be on the cards again in the future.html Front Page » About Me » Weekly News » Zynga Downsizing and Restructuring << Previous Article Get Free Games From NewEgg. However is should be remembered that in the bigger pciture. If it's going to commit to a leaner model. Zynga's stock is still a long way off the $10 share price is floated at in December 2011. There's already an ominous 18+ symbol on both of Zynga's UK sites. a shred of good news at last. a disassembling of Zynga's existing IPs.then wrapping it around a big name like Yahoo doesn't. If it's going to keep this momentum up.com! . Despite giving Zynga a prominent. The company is off to healthy start in 2013. pre-installed userbase when the company started out. Essentially.ibtimes. Aside from the potential benefits to Yahoo itself. signalling that. in the shape of Zynga's gaming history and designers. http://m. Whether confidence in Zynga's stock will remain so high. it needs to convince consumers it's committed to RMG games and remember its limits. dads instead of mums. in the long-term. If Pincus is trying to trim Zynga down and streamline it . adults instead of children.collecting less revenue but putting it all into Zynga .co. it's unlikely Pincus will want to tie the company to another big brand like Facebook. Though Yahoo's 700 million strong user base would give Zynga a big. it needs not only to publicise and pump up its RMG offerings. at the moment at least. Yahoo Back to that Yahoo deal. when Zynga renegotiated to be allowed to make its games for sites other than Facebook. this is an RMG company now. Zynga needs to completey restyle itself in the public eye. but discontinue a lot of its existing casual games. Zynga seems to be on track to rebuild its gaming business. make much sense.

McKinney and downtown Austin. employees in New York City were moved to the company’s mobile studio in the same city but nothing is mentioned about that one closing down. The three locations include their Baltimore office and two in Texas. . by Diane . I think the reign is over for Zynga (ok it has been for a while but this is further proof of just how much).Posted in Weekly News0 Almost two months after Zynga closes down eleven of its social and mobile games.Next Article >> Find out the details on History Legends of War Zynga Downsizing and Restructuring Published on February 26. 2013. Apparently. This time they are closing down three studios and consolidating another to restructure the company. they are yet again doing things to stay profitable. Zynga was good enough to let anyone from the Baltimore office who wanted to relocate to do so and the two Texas studios relocated the employees to offices in Dallas and North Austin.

and people and that the “overall impact of the consolidations” for the company is minimal. http://www.com/2013/02/26/zynga-downsizing-and-restructuring/ .” I’m not sure what that means exactly but they are they are already working on changing some of their franchises so they are bigger in the gaming network and profitable. These kind of statements and changes shouldn’t come as much of a surprise since Zynga lost $209 million in 2012.airbornegamer.Zynga said on their blog that they are “driving for long-term profitability” in 2013 so closing these locations and consolidating the workers into fewer buildings should help with that. Zynga claims that these changes will let them focus on “our most strategic opportunities. teams. the Baltimore transfer was unfortunate but needed for the company’s products. For a company who was on top a few years ago. this could just be beginning of their complete downfall. They went on to say that.

Sign up to vote on this title
UsefulNot useful