After rapidly falling profits, Angry Birds maker Rovio cuts 130 jobs

Rovio logoAfter announcing disappointing earnings earlier this year, Angry Birds maker Rovio has decided to cut 130 jobs, or approximately 16 percent of its workforce, according to a Thursday blog post by the company’s CEO.

"... We announced today that we plan to simplify our organization around our three key businesses with the highest growth potential: games, media, and consumer products," Mikael Hed wrote. "Unfortunately, we also need to consider possible employee reductions of a maximum of 130 people in Finland (approximately 16 percent of workforce). It is never easy to consider changes like this, but it is better to do them sooner rather than later, when we are in a good place to reignite growth."

Angry Birds

In April 2014, Rovio announced 2013 annual profits of €26.9 million ($34 million), a notable drop from €55.5 million ($70.2 million) from the year before and €35.4 million ($44.7 million) in 2011.

After releasing Angry Birds for iOS in December 2009, the game has come to dominate the company. Following its skyrocketing success early on, the game’s characters have shown up in toys, household items, and other licensed products (with a film potentially on the way). Rovio has yet to make another franchise unrelated to Angry Birds that has come anywhere close to that series' success.

In late August, Rovio announced that it would be "passing the hoodie" to a new CEO, Pekka Rantala, in January 2015. Rantala was previously at Nokia.

Source: Ars Technica

Tags: computer games

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)