Business Insider
"Angry Birds" in virtual reality.
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.