New CEO Don Mattrick is said to be holding an all-hands meeting on Tuesday to address the executive shuffle and his vision for the company. August 13, 2013 3:22 PM PDT As new Zynga CEO Don Mattrick takes the helm of the struggling game maker, top employees are leaving the company for a host of reasons. And, two more high-level executives are said to be stepping down from the company -- chief operating officer David Ko and chief people officer Colleen McCreary, according to BuzzFeed. To address these top-level changes Mattrick is reportedly holding an all-hands meeting Tuesday afternoon at 4pm PT to discuss his outlook for Zynga. According to BuzzFeed, Ko and McCreary are stepping down for different reasons. Supposedly, Ko was planning to leave after not being tapped to be the next CEO of the company. He joined Zynga in 2010 from Yahoo and quickly rose from a chief mobile officer position to his COO position. According to BuzzFeed, Ko's goal is to be CEO of a Silicon Valley tech company. Related stories Zynga quietly shutters OMGPOP games Zynga sues 'Bang with Friends' sex app for trademark violation Zynga reportedly lost three top execs this month New Zynga CEO plans to take Candy Crush's sweet spot Zynga beats Street but ditches real-money gambling license McCreary, however, appears to be collateral damage in part of the shake-up being directed by Mattrick, according to BuzzFeed. The new CEO joined Zynga last month coming over from Microsoft's Xbox division. Since his arrival a handful of executives have stepped down and right before he joined the company about 520 people were laid off to cut costs. Zynga, which reported declining second-quarter revenue and bookings in July, continues to lose users. The company reported 39 million daily active users for the second quarter, a figure that's down 45 percent from last year. Monthly active users went down by 39 percent to 187 million. When contacted by CNET, Zynga declined to comment on Ko, McCreary, or Tuesday's all-hands meeting.
New CEO Don Mattrick is said to be holding an all-hands meeting on Tuesday to address the executive shuffle and his vision for the company.
As new Zynga CEO Don Mattrick takes the helm of the struggling game maker, top employees are leaving the company for a host of reasons. And, two more high-level executives are said to be stepping down from the company -- chief operating officer David Ko and chief people officer Colleen McCreary, according to BuzzFeed.
To address these top-level changes Mattrick is reportedly holding an all-hands meeting Tuesday afternoon at 4pm PT to discuss his outlook for Zynga.
According to BuzzFeed, Ko and McCreary are stepping down for different reasons. Supposedly, Ko was planning to leave after not being tapped to be the next CEO of the company. He joined Zynga in 2010 from Yahoo and quickly rose from a chief mobile officer position to his COO position. According to BuzzFeed, Ko's goal is to be CEO of a Silicon Valley tech company.
Related stories
- Zynga quietly shutters OMGPOP games
- Zynga sues 'Bang with Friends' sex app for trademark violation
- Zynga reportedly lost three top execs this month
- New Zynga CEO plans to take Candy Crush's sweet spot
- Zynga beats Street but ditches real-money gambling license
McCreary, however, appears to be collateral damage in part of the shake-up being directed by Mattrick, according to BuzzFeed. The new CEO joined Zynga last month coming over from Microsoft's Xbox division. Since his arrival a handful of executives have stepped down and right before he joined the company about 520 people were laid off to cut costs.
Zynga, which reported declining second-quarter revenue and bookings in July, continues to lose users. The company reported 39 million daily active users for the second quarter, a figure that's down 45 percent from last year. Monthly active users went down by 39 percent to 187 million.
When contacted by CNET, Zynga declined to comment on Ko, McCreary, or Tuesday's all-hands meeting.
