Report: Xbox boss Don Mattrick leaves to take top Zynga spot (Update: It's official)

Don Mattrick, the president of Microsoft's Interactive Entertainment Business, is leaving the company, according to a report from All Things D. Mattrick's reported destination is Zynga, the struggling social games maker, possibly as its new CEO.

Zynga's current CEO is company founder Mark Pincus, who recently announced companywide layoffs. Zynga's most recent financial report showed an 18 percent decline in revenue, which was followed by cutbacks at the developer and publisher of Facebook and mobile social games. About 520 Zynga employees and multiple studios are being trimmed as part of cost-cutting measures at the company.

Shares in Zynga jumped 10 percent following the report.

The announcement of Mattrick's departure is reportedly anticipated as early as today.

At Microsoft, Mattrick is responsible for the businesses that drive the company's Xbox business, including Xbox 360, Xbox One and Xbox Live. In May, Mattrick was at the forefront of the Xbox One's unveiling, and drew the ire of Xbox owners for his comments about the next-gen console's lack of backwards compatibility and $499 price tag.

In the weeks following the Xbox One's announcement, Mattrick defended the console's internet connection dependency, labeling the new Xbox a "future proof system." Later, Mattrick would be the one who issued an official statement outlining a stunning policy reversal that eliminated that internet connection requirement and eased used game restrictions.

Mattrick joined Microsoft in 2007 after leaving his role as president of Electronic Arts' worldwide studios. A move to Zynga would reunite Mattrick with his former EA colleague William "Bing" Gordon, who serves on Zynga's board of directors.

When contacted, Zynga declined to comment on All Things D's report. Polygon has also reached out to Microsoft for comment.

Update: It's official.