Angry Birds studio cuts 130 jobs to 'simplify' company
With profits down and an announced executive shuffle for year's end, it's not surprising that Angry Birds publisher Rovio is flinging some jobs into the dumpster. Outgoing CEO Mikael Hed announced today that the company will cut about 16 percent of its workforce, which is a "maximum of 130 people."
"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," wrote Hed in a post entitled "Towards a Simplified Organization."
"We are an entrepreneurial company and have been exploring multiple areas. We have been building our team on assumptions of faster growth than have materialized," said Hed. "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."
Those multiple areas include anything that the Angry Birds brand can be tied to, which include: Angry Birds Transformers, Angry Birds for girls (i.e. Stella) and Angry Birds the Movie.
