Angry Birds maker Rovio lays off 130 staff while in pursuit of growth again

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Rovio, maker of the world known game Angry Birds, has announced today that it plans to lay off around 130 people while trying to regain growth again.

Even though the current CEO of Rovio, Mikael Hed, is planned to leave the company and be succeeded by Peka Rantala next January, he announced in a company statement that Rovio needs to consider possible employee reductions of a maximum of 130 people in Finland. That would amount to roughly 16% of its entire workforce.

Mikael Hed, CEO of Rovio, said: “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.”

He adds: “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. At Rovio we live to delight our fans. This year we have more launches and news than ever. As we consider these painful measures, we keep our eye on always delighting our fans with products they love.”