Rovio Entertainment Ltd., the Finland-based creator of the smash hit mobile app game Angry Birds, announced on Wednesday that they decided to dismiss up to 213 jobs after the end of their negotiations with employees last August 26 of this year.
According to Reuters, the number of employees that will be downsized account to about 32 percent of Rovio’s workforce, most of which are from their headquarters’ in Finland. This excludes those who are part of the movie production in the U.S. and Canada.
TechCrunch reported that the layoffs are part of the restructuring in the company following the resignation of then CEO Mikael Hed in 2014 when the company profits went down by half. Rovio plans to pull out their book publishing and e-learning services. The company will refocus all resources on their key business areas including games, media, and consumer products.
Employees who are made redundant due to the reorganization will be provided with career support, Rovio had said.


OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Instagram Outage Disrupts Thousands of U.S. Users
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 



