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Zynga doles out stocks to keep employees from leaving - report

Zynga might not seem like the most attractive place to work at right now, but sources say the company is looking to ensure employees don't jump ship by handing out stock options to all full-timers.

Eric Caoili, Blogger

August 10, 2012

1 Min Read

Zynga might not seem like the most attractive place to work right now considering its recent turmoil, but sources say the company is looking to ensure employees don't jump ship by handing out stock options to all full-timers. It's an unprecedented move for the developer, as it's given out stock options to workers before but never to all full-time employees, a source close to the matter told Bloomberg. The report comes a couple of weeks after Zynga's stock plummetted, when the social game company's admitted that its revenues for the quarter fell well below Wall Street's estimates. Its share price has languished at around $3 since, a far cry from the $10 the stock initially opened at when Zynga went public last December. Along with its financial troubles, the company has recently suffered the departure of COO John Schappert, a number of class action lawsuits from investors, and a copyright infringement suit from Electronic Arts.

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2012

About the Author(s)

Eric Caoili

Blogger

Eric Caoili currently serves as a news editor for Gamasutra, and has helmed numerous other UBM Techweb Game Network sites all now long-dead, including GameSetWatch. He is also co-editor for beloved handheld gaming blog Tiny Cartridge, and has contributed to Joystiq, Winamp, GamePro, and 4 Color Rebellion.

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