Microsoft's Xbox chief Don Mattrick is leaving the company to join struggling online game creator Zynga, it was announced Monday.
Mattrick will take over as Zynga's new chief executive next week, according to Zynga founder and current chief executive Mark Pincus, in a note to employees.
Mattrick guided the development of the Xbox One which is due to hit stores later this year. He joins Zynga as the company looks to recreate the success it enjoyed a few years ago when Facebook games like Farmville and Words with Friends made the company the darling of social network investors.
The company has since fallen on hard times and recently laid off 18 per cent of its employees.
Most Popular Stories
- AIG to Create 230 Jobs in Charlotte
- 15 Myths That Could Ruin Your Hispanic Ad Campaign
- Russia Says Nyet to Canada North Pole Claim
- General Motors Names Mary Barra as First Female CEO
- Bipartisan Negotiators Reach Modest Budget Agreement
- Justin Bieber Visits Typhoon Victims, Plays Concert
- Senate Dems Move Forward With Obama Nominees
- New Obama Aide to Focus on Climate Change
- Obama Nominee Confirmed for D.C. Appeals Court
- MasterCard to Split Shares, Raise Dividend