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Zynga sees the departure of two more executives

Another blow for the casual games outfit
Mon Dec 03 2012, 15:53
zynga

CASUAL GAMES OUTFIT Zynga has seen the departure of two more executives following the firm's deterioration and weakening position in the gaming market.

Bloomberg reports that VP Roy Sehgal and GM Steve Schreck are leaving the company to pursue other ventures.

Sehgal, who joined the company in 2009 and has been responsible for the Café World game said he is resigning to take time off from work. Schreck, who managed Hidden Chronicles and led a team of 100 people, is leaving to join a games startup founded by another Zynga alumnus, Mike Verdu.

The news follows Zynga's decision to shed five percent of its workforce and "sunset" 13 games, an announcement the company made back in October during the news attention vacuum that surrounded the Apple Ipad Mini launch.

The departure of the two executives follows that of David Wehner, the game maker's former CFO, who subsequently joined Facebook, as well as former treasurer Mike Gupta, who took a similar role at Twitter.

Zynga issued a second earnings warning in October, cutting its outlook for the second time this year and prompting speculation that it's floundering and losing players.

However, according to the firm these are "short term challenges" that can be overcome with a little determination and an increase in people playing games. However, judging by how things are looking for the firm, it looks like that increase will have to be a big one. µ

 

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