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.
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.