Rovio Confirms 110 Job Losses
- Friday, December 5th, 2014
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Finnish mobile game developer Rovio has confirmed it is cutting 110 jobs, roughly 14 per cent of its total workforce, following a considerable slump in profits and concerns of over-expansion.
The job losses, which were announced in October, are slightly less drastic than originally planned, when 130 employees were thought to be losing their positions, but still represent a drastic slashing of the companys workforce.
As part of the cuts, the developer is closing its studio in Tampere and consolidating its Finnish operations to its headquarters in Espoo. The job losses have resulted in several positions at the company opening for internal applicants, which may have an impact on the final number of employees leaving the firm.
The company saw massive success with Angry Birds, which was released in 2009 and went on to become the most downloaded mobile game of all time. However, after massively increasing its workforce in 2012, the firm saw profits almost half as it expanded into animation and merchandising, hoping to build on the Angry Birds brand.
The company is still planning to release an Angry Birds animated film in 2016, despite the games decreasing popularity.