Peter Thiel: 'Almost everybody (tech CEO) I know' shifted right
At Culture, Religion & Tech, take II in Miami on October 29, 2024
Read more...Zynga's extended rough patch of layoffs, departures and closings is not over yet.
This time the company is losing Andy Tian, the head of Zynga China, Zynga has confirmed to VatorNews.
Tian worked as the general manager of the office for three years, after his company, XPD Media, was bought by Zunga in May 2010. He will be leaving the company at the end of the week.
Zynga has also confirmed that Tian's replacement will be John Yin, who is currently working as a studio director at Zynga’s China office. Yin is leading product development and operations for Zynga’s global mobile games and has helped to develop such games as Ayakashi: Ghost Guild and War of the Fallen.
Yin was also previously an executive producer for Electronic Arts.
Tian is the latest in a long line of executives to jump ship.
First was Zynga’s Chief Operating Officer John Schappert who resigned in August. No explanation was given, with the company saying in an SEC filing that the resignation was “not tendered in connection with any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.”
Then it was Chief Creative Officer Mike Verdu; Chief Operating Officer John Schappert; Alan Patmore, general manager of CityVille; Erik Bethke, general manager of Mafia Wars 2; Ya-Bing Chu, a VP in Zynga’s mobile division; and Jeremy Strauser, a general manager.
Zynga's chief security officer Nils Puhlmann also left his job in September, and in November it was Jonathan Flesher, VP of business development, who quit.
The fleeing of Zynga executives has also coincided with a series of studio shut downs.
In October, Pincus announced that he was laying off 5% of the company’s workforce by shutting down Zynga Boston. Then, in January it closed down Zynga Japan and, in February, the Zynga offices in Austin and McKinney, Texas, Baltimore and New York City, were shut down as well.
Most recently it was reported that Zynga was going to be shutting down OMGPOP, the game studio that it bought for $180 million last March.
That decision followed the departure of two former OMGPOP executives: CEO Dan Porter, who announced he was leaving in April, and Wilson Kriegel, the chief revenue officer of Omgpop, who left in September.
Zynga has also announced a few large rounds of layoffs, cutting 18% of its workforce earlier this month.
It was confirmed to VatorNews that Zynga China was one of the studios affected by the cuts, but it is unknown to what extent, if any, this factored into Tian's decision to step down.
Shares of Zynga are currently down 5.17%, or 14 cents to $2.57 a share.
(Image source: https://www.gamelook.com)
At Culture, Religion & Tech, take II in Miami on October 29, 2024
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Zynga is the largest social gaming company with 8.5 million daily users and 45 million monthly users. Zynga’s games are available on Facebook, MySpace, Bebo, Hi5, Friendster, Yahoo! and the iPhone, and include Texas Hold’Em Poker, Mafia Wars, YoVille, Vampires, Street Racing, Scramble and Word Twist. The company is funded by Kleiner Perkins Caufield & Byers, IVP, Union Square Ventures, Foundry Group, Avalon Ventures, Pilot Group, Reid Hoffman and Peter Thiel. Zynga is headquartered at the Chip Factory in San Francisco. For more information, please visit www.zynga.com.