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.


AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls
Fiserv Explores Sale of STAR Payments Network as Major U.S. Banks Show Interest
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment
SpaceX Stock Draws Bullish Wall Street Coverage Ahead of Nasdaq-100 Inclusion
Meta Says States Seek $1.4 Trillion in Penalties Over Teen Social Media Addiction Lawsuit
DOJ Seeks Dismissal of Gautam Adani Bribery Case, Citing Foreign Scope
Lockheed Martin, Rheinmetall Plan First ATACMS Missile Production in Germany
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust
Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves
Trump Administration to Launch Voluntary AI Standards for Frontier Models
Barclays Downgrades Siemens Energy as Valuation Seen Near Peak
Super Micro Employees Detained in Taiwan AI Server Export Investigation
Shell Raises Q2 Upstream Outlook, Flags Qatar Gas Hit as Shares Rise
LG Energy Solution Q2 Profit Plunges 77% Despite Revenue Growth on Weak EV Demand 



