No Games: Zynga's New CEO Shakes Up Management Social gaming company Zynga announced the departure of three senior executives late Tuesday as the company undergoes a broader restructuring.

This story originally appeared on CNBC

Zynga's new CEO Don Mattrick late Tuesday announced a management shake-up that is part of a larger restructuring.

In the announcement, made through a blog post on Zynga, he said that Chief Operating Officer David Ko, Chief People Officer Colleen McCreary and Chief Technology Officer Cadir Lee would be leaving "to pursue other interests."

The departures had been widely anticipated after a report earlier in AllThingsD.

"We are taking layers out of the executive rank to get senior leaders closer to important product initiatives. With that in mind, I have asked the leaders to sharpen their focus and properly densify talent to resource teams," Mattrick said in the post.

As part of the restructuring, leaders from studios, tech, live ops, publishing, legal, HR and other areas will report directly to Mattrick, effective immediately.

He's holding an "all hands" meeting on Wednesday to discuss the changes with the staff.

Zynga, which makes the Facebook game Farmville, has struggled to build its customer base -- and revenue. The number of daily active users tumbled 45 percent to 39 million in the second quarter and the company issued a weak outlook for the third quarter.

The stock has fallen about 25 percent since March and is down sharply from its all-time high above $14, set early last year.

The shake-up comes in Mattrick's first 90 days, and isn't likely to be his last. On the company's last earnings call, he said he would spend the next 90 days "Getting under the hood to evaluate every aspect of our business; conducting top to bottom business reviews...looking at how we're deploying people at all levels of the company."

Mattrick came to Zynga from Microsoft, where he was the head of the Xbox team. Under his leadership, the Xbox rose to the top of the pack -- and became profitable.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This 31-Year-Old Spends 2 Hours Per Week On His $3,000-a-Month Passive Income Side Hustle: 'Trust Your Vision'

Hansel Moore's home office "wasn't cutting it" — so he found another place to be creative.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Chevron Announces Layoffs Affecting Up to 8,000 Workers: 'Stronger Long-Term Competitiveness'

The oil producer said the layoffs are part of a cost-cutting initiative.

Leadership

Why The Wisest Leaders Listen First Before They Act

If talking isn't getting you ahead, try listening instead. The advantages of truly hearing others are as transformational in business as they are in our personal lives.