Thursday, December 4, 2014

Rovio lays off 110 people as Angry Birds hype fades http://goo.gl/SsIlsP










Angry Birds Stella

Angry Birds StellaRovio

Rovio has confirmed that 110 people will lose their
jobs as the Angry
Birds
maker also shuts down its game-development studio in
Tampere. The layoffs, first announced in October, amount to about
14 percent of the company's workforce.

It had been expected that Rovio
would make 130 people redundant but after a round of consultations
this number has now been reduced. Rovio said that as a result of
the redundancies "several positions" have been opened for internal
applications. The actual number of employees out of work will
depend on how many new internal positions are filled.

The closing of its Tampere development studio means
that Rovio will move all of its Finnish operation to its Espoo
headquarters. The company shot to fame in 2009 when it released
Angry Birds, its 52nd game. The title
went on to become the most downloaded mobile game of all time.












Don't
miss







After hugely increasing its workforce in 2012 Rovio's
net profits almost halved the following year. At the time chief
financial officer Herkko Soininen said the poor profit figures were
because of major investments in the company. But Rovio's expansion
into animation and merchandising continued to hit its profits hard,
leading to today's 110 redundancies.

Rovio still plans to release an animated Angry
Birds
film in 2016.
















Source Article from http://www.wired.co.uk/news/archive/2014-12/04/rovio-110-redundancies http://cdni.wired.co.uk/620x413/s_v/stella1.jpg
Rovio lays off 110 people as Angry Birds hype fades

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