Angry Birds Maker Rovio May Cut Jobs in Revamp of Functionsby
Company making operational changes at its animation studio
Game maker seeking new growth after hundreds of job reductions
The maker of the Angry Birds mobile games may reduce as many as 35 jobs, almost 10 percent of the total, as it restructures its animation business as part of an attempt to revive growth.
Rovio Entertainment Oy said it’s making operational changes at its studio that makes cartoons, and that its production of games or movies won’t be affected. The potential job cuts may impact an animation unit in Finland, as well as other company functions, spokeswoman Kaisu Karvala said Wednesday.
“We’re working very closely with our employees to see how to organize our animation unit, support functions and management,” Karvala said.
The potential reductions follow hundreds of job cuts in recent years as the Finnish company has failed to repeat the success of its best-known title. While its games have been downloaded billions of times since 2009, waning interest has slowed sales of merchandise, weighing on revenue and earnings. Besides working on new games, the company is trying to build on the success of last year’s “The Angry Birds Movie,” a No. 1 film in markets including China and the U.S.
The movie had grossed almost $350 million at the box office, Rovio said last month. The company’s animated content also includes the Angry Birds Toons cartoons.
Rovio said last week its game business had its most profitable year in 2016, though the company is yet to report detailed annual earnings. It said last month it’s opening a new game studio in London.