The maker of the Angry Birds mobile games plans to reduce about a third of its jobs in the second round of cuts in less than a year after failing to repeat the success of its best-known title.
Rovio Entertainment Oy will cut as many as 260 jobs, the Finnish company said Wednesday in a statement. The closely held company, based in Espoo near the capital Helsinki, has about 700 workers currently, according to its website.
Rovio developed one of the biggest early successes in mobile gaming, only to fall behind rival titles such as Clash of Clans and Candy Crush Saga. Profit and revenue is dropping after newer games such as Amazing Alex and Plunder Pirates fell short of Angry Birds’ popularity. The company cut about 110 jobs late last year.
Angry Birds became the best-earning app in Apple Inc.’s U.S. store in 2010 and the game’s various versions have amassed more than 2 billion downloads. It said Wednesday Angry Birds 2 has had almost 50 million downloads in the first month.
The job-cut plans exclude employees working on the “Angry Birds Movie” in the U.S. and Canada, a film slated for next May.