OMGPOP CEO Hired Back Laid Off Employees To Cash In On Deal
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Several months ago OMGPOP was getting close to going bankrupt so they had to lay off several Flash developers. OMGPOP launched Draw Something shortly after and that changed everything. Draw Something became one of the most popular iPhone/Facebook games with 35 million people in 6 weeks. Social gaming company Zynga bought them out for $210 million and Porter made sure that even the laid off employees would get a piece of the cash pie.
After Draw Something took off and the possibility of a deal came up, Porter hired the laid off employees back right away. He jammed the re-hires back into their payroll to ensure that they were covered with hours remaining in the close. Their options kept vesting and they had benefitted from the sale.