Angry Birds maker confirms job cuts

Angry Birds maker confirms job cuts

22 OCT 2015

Angry Birds developer Rovio Entertainment said it will “reduce its workforce by 213 positions” following employee negotiations.

The Finnish company now wants to “restructure and concentrate its activities around three primary business areas: games, media and consumer products,” it said in a statement.

The negotiations applied to the whole organisation, excluding those working on the production of the Angry Birds movie in the US and Canada.

News of possible job cuts was first reported in August, when the firm said it would cut up to 260 jobs.

At the time, Pekka Rantala, CEO, said “fundamental changes are needed to ensure Rovio succeeds in its global ambitions to be the leading entertainment company with mobile games at its heart”.

This was just weeks after the launch of Angry Birds 2, its latest attempt to capitalise on the earlier success of the franchise. This app was downloaded nearly 50 million times in its first month of release.

Rovio will be hoping for similar success with its Angry Birds movie, which it is working on with Sony Entertainment.

The developer has created other games such as Jolly Jam and Nibblers but they have not echoed the popularity of Angry Birds.

The current cuts are not Rovio’s first:  in late 2014 it announced 110 job losses.

The firm saw 2014 EBITDA of €17 million, more than halved from €39 million in 2013, on revenue of €158.3 million, down 8.8 per cent from €173.5 million. It saw sales growth in its games and media segments, but its consumer products unit reported a significant decline.

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Saleha Riaz

Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters - creating content, writing blogs and reports as well as conducting feature interviews...More

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