+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

'Angry Birds' maker Rovio confirms it is cutting 213 jobs

Oct 21, 2015, 18:14 IST

This is me trying out Angry Birds in VR. It doesn't look nearly this scary inside the game.Business Insider

Nordic gaming company Rovio has confirmed it is cutting 213 jobs as it struggles to monetise its "Angry Birds" app.

Advertisement

The company said in a statement to the press that it will provide career support for those made redundant as a result of the reorganisation.

It added: "Rovio Entertainment will restructure and concentrate its activities around three primary business areas: games, media and consumer products."

The Angry Birds film, which has a reported budget of around £73 million (€100 million) according to The Helsinki Times, will be unaffected by the cuts.

"The negotiations applied to the whole organisation, excluding those working on the production of the The Angry Birds Movie in the United States and Canada," Rovio said.

The company flagged the cuts in August when it predicted flat sales and falling profits for the full year. At the time, Rovio said 260 people would be axed from the organisation, which equates to approximately a third of the workforce.

The Angry Birds games, launched in 2009, had been downloaded more than three billion times as of July 2015.

But the company has been struggling in recent years. In 2014, Rovio's revenue fell 9%, and its operating profit a massive 74% as a result of falling appetite for its games.

NOW WATCH: 'Angry Birds' is attempting a comeback by getting back to the basics

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article