Rovio Entertainment to cut up to 130 jobs
Creators of the recently-released (or Coming Soon, depending on where you live) Angry Birds Transformers game Rovio Entertainment have today announced plans to lay off as many as 130 staff, around 16% of the company’s total workforce.
In a blog post titled “Towards a Simplified Organization” published today, Rovio Entertainment CEO Mikael Hed outlines the company’s plans to restructure certain aspects of their business in the face of declining profits. Echoing the story of Icarus, he laments that the company tried to soar too high too soon:
We are an entrepreneurial company and have been exploring multiple areas. We have been building our team on assumptions of faster growth than have materialized. As a result, we announced today that we plan to simplify our organization around our three key businesses with the highest growth potential: games, media, and consumer products. Unfortunately, we also need to consider possible employee reductions of a maximum of 130 people in Finland (approximately 16% of workforce).
Click HERE to read Hed’s full post, wherein he reiterates that Rovio is by no means crashing down just yet. There have been no announcements of canceled games or products as yet, so Transformers fans waiting to capture the EggSpark have no need to worry.
Chris joined the Allspark community in 2002 and has been a member of the News and Content team since 2014.
Latest posts by Chris (see all)
- So… Black Panther’s Panther Jet looks a lot like… - September 7, 2017
- Transformers and Hasbro Comics Shipping List for September 13th! - September 6, 2017
- Hasbro files trademark lawsuit against Warner Bros and DC Comics over Bumblebee! - August 30, 2017