Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 23, 2014
arrowPress Releases
April 23, 2014
PR Newswire
View All





If you enjoy reading this site, you might also want to check out these UBM TechWeb sites:


Zynga loses two more as executive exodus continues
Zynga loses two more as executive exodus continues
September 10, 2012 | By Tom Curtis

September 10, 2012 | By Tom Curtis
Comments
    Post A Comment
More: Social/Online, Business/Marketing



Over the past few months, we've seen many of Zynga's top employees resign from their posts, and that trend continued today as two more executives stepped down from the social game giant.

This time, the company has lost Allan Leinwand, its CTO of infrastructure, and Jeff Karp, its chief marketing and revenue officer. These two executives join other recent resignees such as COO John Schappert, CityVille general manager Alan Patmore, chief creative officer Mike Verdu, and vice presidents Bill Mooney and Brian Birtwistle, among others.

Many of these employees left the company within the last several months, after Zynga disappointed Wall Street with a lower-than-expected second quarter. The company's stock price has struggled to recover since, and as of press time sits at roughly $2.82 per share, just above its 52-week low of $2.66.

Last month, Bloomberg reported that Zynga has been handing out stock options to prevent its full time employees from jumping ship.

As for the two employees who resigned today, tech blog GigaOm claims that Leinwand will join the IT firm ServiceNow, while AllThingsD reports that Karp will remain with Zynga in a non-officer capacity for a few more weeks as he transitions out of his former role.


Related Jobs

Linden Lab
Linden Lab — San Francisco, California, United States
[04.23.14]

Sr. Front-end Web Developer
Linden Lab
Linden Lab — San Francisco, California, United States
[04.23.14]

Sr. Software Engineer, Back-end
Linden Lab
Linden Lab — San Francisco, California, United States
[04.23.14]

Lead Engineer
2K
2K — Novato, California, United States
[04.23.14]

Lead Mission Designer










Comments



none
 
Comment: