On Tuesday, Zynga Inc, a publisher of games, announced the exit of some senior executives, including David Ko, Zynga's Chief Operating Officer. The departure was part of the revamp of management under the company's new Chief Executive Don Mattrick.
Zynga's streamlining transpired more than one month after Mattrick was named CEO last July 3. Mattrick was a former executive of Microsoft Corp. He was asked by the company's board to help in turning things around for the struggling game maker.
"We are taking layers out of the executive rank to get senior leaders closer to important product initiatives," Mattrick wrote in his blog. "Over the past month, I have had a chance to interact with a cross section of our employees and have been able to get a general sense of the caliber of people working here, the passion for winning and desire to get Zynga back to a strong leadership. Zynga is an amazing company and has tremendous potential for future growth."
During this year's second quarter, Zynga's revenue was around USD230.7 million. Its monthly active users were down by 39% year on year to 187 million. Also, its daily users dropped by 45% to 39 million.
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