Social game developer Zynga released a quarterly financial report today that showed a decline in both revenue and users. Compared to the same time last year, Zynga’s revenue is down 31 percent, with $213 million compared to last year’s $332 million; daily users dropped 45 percent, with 39 million compared to last year’s 72 million.

This is what happens when your foundation is made of virtual cows.

New Zynga CEO Don Mattrick released a statement alongside the financial report, saying that the company needed to head “back to basics”, “take a longer term view on our products and business”, and “tighten up execution”. Part of Mattrick’s changes were recently enacted, eliminating 520 jobs throughout the company.