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.