Angry Birds maker Rovio says up to 130 jobs to go | Inquirer Business

Angry Birds maker Rovio says up to 130 jobs to go

/ 07:00 PM October 02, 2014

AngryBirds

FILE PHOTO

HELSINKI—Rovio, the Finnish maker of the popular mobile game “Angry Birds” announced on Thursday up to 130 job cuts, blaming flagging sales growth.

The company has been trying to expand beyond the video games business to become a global entertainment firm, opening amusement parks in Europe and China, publishing children’s books and producing feature films.

Article continues after this advertisement

“We have been building our team on assumptions of faster growth than has materialized,” Rovio chief executive Mikael Hed said in a statement, adding that the company would now focus on games, media, and consumer products with the highest growth potential.

FEATURED STORIES

“Unfortunately, we also need to consider possible employee reductions of a maximum of 130 people in Finland (approximately 16 percent of workforce),” he said.

The company’s workforce grew by 500 people last year to total 800 employees.

Article continues after this advertisement

The “Angry Birds” series of games use slingshots to launch little birds at fortresses built by green pigs.

Article continues after this advertisement

It quickly became the most successful mobile game in history, spawning an entire franchise of merchandise and media tie-ins.

Article continues after this advertisement

Sales of Angry Bird spin-off products accounted for 47 percent of Rovio’s total revenue in 2013.

Rovio has established a movie animation production team in the United States and the first Angry Birds feature film is expected to premiere in 2016.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Employment, Gaming

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.