Angry Birds maker Rovio plans layoffs in restructuring

Curated by

 

HELSINKI Finland’s Rovio, maker of mobile phone game Angry Birds, forecast its earnings would fall for a third consecutive year and said it planned to slash up to 39 percent of its workforce to try to improve its prospects. Rovio has failed to create new hit games since the 2009 launch of Angry Birds, the top paid mobile app of all time, though it has tried to capitalize on its most successful brand by licensing its use on string of consumer products. The company is pinning its hopes on an Angry Birds 3D movie, due for release in May 2016 and which the company believes will yield new licensing deals.

 

 

  • It said it was cutting up to 260 jobs, or about 39 percent of the total.
  • Sales had been lower than expected so far this year, the company said on Wednesday, forecasting flat sales and falling profits for the full year.
  • The company said the planned reductions would apply to the whole organization, excluding those working on the movie in the United States and Canada, and most of the cuts will hit its operations in Finland.

 

Article Categories:
Technology

Leave a Comment

Your email address will not be published. Required fields are marked *


Categories:

Today we’re announcing that after two years of helping people discover and share great news via this website we will be shutting down this service on June 30.

 

We would like to thank our millions of readers who inspired us with positive feedback and liberal sharing of ideas to help bring the best content to light and keep everybody informed about what is current and important.

 

We are working hard to give the new site a 'lift' which will bring you an even better product that will give you exclusive access to socially-vetted, high-quality news. The new product will give great content the engagement and social reach it deserves. It will also help creators to get trusted feedback about their content to truly understand what their audience is passionate about.

Something cool is coming soon! Be the first to know!

 

Enter your name and email and we’ll keep you in the loop:

Today we’re announcing that after two years of helping people discover and share great news via this website we will be shutting down this service on June 30.

 

We would like to thank our millions of readers who inspired us with positive feedback and liberal sharing of ideas to help bring the best content to light and keep everybody informed about what is current and important.

 

We are working hard to give the new site a 'lift' which will bring you an even better product that will give you exclusive access to socially-vetted, high-quality news. The new product will give great content the engagement and social reach it deserves. It will also help creators to get trusted feedback about their content to truly understand what their audience is passionate about.

Something cool is coming soon! Be the first to know!

 

Enter your name and email and we’ll keep you in the loop: