Wednesday, November 21, 2012

Zynga Inc (NASDAQ:ZNGA) Loses Another High-Profile Employee

VP of business development in Zynga Inc(NASDAQ:ZNGA), Jonathan Flesher has left the social games company after serving three and a half years tenure. It is one of the most recent one in the string of resignations.

As per sources having knowledge regarding the matter, the last working day of Flesher was 9th of November. He could not be reached for a comment. However, sources reveal that he left the company for a number of reasons. He wanted to spend more time with his family. Also, he was looking for new opportunities. A spokesperson from Zynga could not be reached for a comment.

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Meanwhile at Zynga, Flesher has worked on a couple of partnerships that included contracts with AOL, Google+, MSN and Yahoo!. He has also worked on security celebrity deals with Snoop Dogg for marketing stunts. Recently, he had singed an exclusive agreement with bwin-party, which happens to be a real-money gaming operator in the United Kingdom.

Much of Flesher’s duties were behind the scenes, however, clearly over the years, he has made meaningful contributions to marketing as well as revenue attempts. He has reported to Barry Cottle, who was hired as the chief revenue officer.

Flesher’s leaving depletes the ranks of the already struggling company. The recent exits of some of the highest-profiles include CFO Dave Welner and Treasurer Mike Gupta. However, over the last couple of months, a much greater swath of workers are looking for greener pastures. Also, Zynga has decided to trim 5% of its workforce involuntarily in October.

Over the last few months, Zynga has been monitoring its stock price tank to single digits as it has not succeeded to come up with a new hit game. Meanwhile, it has to hinge from developing games for Facebook to designing games for tablets and smartphones. Some employees are simply deciding to leave the company to explore new job opportunities. 

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