Rovio plans to cut jobs to reset its course

Rovio, the developer behind Angry Birds, has plans to terminate up to 260 employees as the company works to reset its course after it “did too many things”. According to the CEO, Pekka Rantala, "This is personally a difficult decision. However, it is certain that a leaner and more agile Rovio is absolutely necessary to move forward and take the company to new successes in the future."

This news comes after the release of Angry Birds 2. Although the new bird-slinging game has garnered over 50 million downloads, the profits gained just aren’t enough to recover from a disastrous 2014, which sported a 73 percent drop in the company’s profits. This isn’t the first time Rovio has cut its team. Last October Rovio declared a similar attempt at refocusing the company, and cut 110 employees from the company. This was a mere 16 percent of the workforce at the time. This new cut will see a 40 percent cut of Rovio’s current workforce.

Thanks to Polygon for the heads up.

We here at Shacknews wish all the affected Rovio employees good luck finding a new position elsewhere.

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