comscore Angry Bird maker to lay off more than 30% of its staff | BGR India
News

Angry Bird maker to lay off more than 30% of its staff

  • Published: October 22, 2015 10:32 AM IST
angry-birds-image

Finnish gaming company Rovio, who produced Angry Birds, has decided to slash 213 jobs. Rovio on Wednesday announced to cut a total of 213 employees, over 30 percent of its 670 staff. A total of 198 jobs will be slashed in Finland and 15 abroad, reported Xinhua.

The gaming company said that it will continue its restructuring plan and will focus on its three key business sectors including gaming, media and consumer products. The layoffs will affect Rovio’s whole organization, but the employees working on the production of the Angry Birds Movie in the US and Canada are not included, said the company.

Rovio is facing difficulties caused by its poor profitability, which is largely due to a setback in its peripheral business in recent years. The downturn of the company started in 2013, and its operation deteriorated further in 2014 with operating profit dropping from 36.5 million euros in 2013 to 10 million euros.

Founded in 2003, Rovio is a game developer and entertainment company based in Espoo, southern Finland. The company had grown rapidly after launching the “Angry Birds” game at the end of 2009.

Back in August, the company announced its restructuring plan which resulted in job cut for one third of employees. The plan will result in major job cuts of up to 260 employees, accounting to more than one third of the company s staff. Rovio currently employs 670 workers, most of whom are working in Finland.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: October 22, 2015 10:32 AM IST



new arrivals in india

Best Sellers