Rovio considers axing up to 130 jobs

Angry Birds maker moving "towards a simplified organization," could cut as much as 16% of workforce

Rovio CEO Mikael Hed announced on the company blog today that Rovio will have to look at layoffs as a possible solution to streamlining the company. As many as 130 jobs could be cut in Finland, which would represent around 16 percent of Rovio's total workforce.

Hed explained, "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.

"It is never easy to consider changes like this, but it is better to do them sooner rather than later, when we are in a good place to reignite growth."

The news comes despite the fact that Rovio has "more launches and news than ever," according to Hed. Angry Birds has become an entertainment and merchandising powerhouse, spawning toys, dolls, cartoons, and an upcoming animated feature film. It's clearly not just about the games anymore.

Rovio has also been undergoing some changes at the top, as only a month ago it was revealed that Hed would be moving to take a position on the board of directors while Pekka Rantala is being promoted to take his place as CEO, starting Janurary 1, 2015.

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Latest comments (3)

Paul Johnson Managing Director / Lead code monkey, Rubicon Development3 years ago
The shocking part of this news for me is that 670 are still there.

I assume an awful lot of those people are treated by the brass as disposable employees doing jobs that really should've been contracted in. Therefore I predict a lot more of this going on in the near future.
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Christophe Danguien games developer 3 years ago
As usual, the guys who made the wrong predictions will be kept on board and the developers, artist, testers, etc...will be laid off...always the same guys making the same mistakes and always getting away with it
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Aleksi Ranta Category Management Project Manager 3 years ago
I dont think there was a right or wrong prediction to be made at Rovio. They had 2 choices back in the day:
1) decide to be probably a one hit wonder and cash out.
2) try to go the disney route, make a brand, make a genre, make a lasting legacy.

Rovio went he "disney" route and now making a turnover of 150Meg, which isnt much compared to competitors, like Supercell, King. I dont think this will end too well for Rovio to be honest. These kind of things come and go and there is hard competition in the market.
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