Finland's Rovio, maker of hit mobile phone game Angry Birds, forecast a drop in earnings this year and said it planned to cut more than a third of its workforce, to focus on core businesses and help safeguard its long-term prospects. Rovio has failed to create new hit games since the 2009 launch of Angry Birds, the No. 1 paid mobile app of all time, though it has tried to capitalise on its most successful brand by licensing its use on string of consumer products. The company is also pinning its hopes on an Angry Birds 3D movie, due for release in May 2016 and which the ...
Angry Birds maker Rovio sees lower earnings and plans 37% job cut
Last year company's total revenue fell 9%, while operating profit slumped 73%