In the highly competitive tech world, employee turnover is common. But for Zynga (NASDAQ:ZNGA), it seems to be excessive.
The latest departures? Well, this week there are two: Vice President Roy Sehgal and General Manager Steve Schreck. Consider that just over the past few months, Zynga has lost other key executives like CFO David Wehner, who went to Facebook (NASDAQ:FB) and Treasurer Mike Gupta, who moved over to Twitter.
Sehgal came on board in 2009 and helped to create Café World. It looks like he just wants some time off. Schreck was part of the development of Hidden Chronicles. But he has now moved on to a game startup.
Over the past few weeks, Wall Street had actually started to warm up to Zynga’s stock. But then the company announced that it terminated its strategic relationship with Facebook. All in all, the breakup with Facebook could put further pressure on revenues, at least for the short run.
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.” Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.