Rovio announce studio closure, leading to huge lay offs.
Times appear to have been tough for Rovio, the studio responsible for mobile gaming phenomenon Angry Birds. Rumour have been rife that the studio has lost it's popularity and the latest news from the company appears to confirm this.
This latest announcement from Rovio reveals that the studio will be reorganising it's company, closing it's Tampere studio to consolidate the workforce at their headquarters in Espoo, Finland. The reorganisation will likely result in the loss of approximately 110 jobs, although the number could be reduced by a number of internal job roles that will be created at the Espoo studio.
In a statement by the company, Rovio had this to say;
"As part of its reorganization, several positions have been opened for internal applicants,"
"The final number of employees impacted depends on how many of these new positions are filled."
This news follows the recent announcement that current CEO Mikael Hed will be stepping down in January following a reported 52% drop in profits. His replacement will be former Nokia Executive Pekke Rantala.
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