Rovio Announces Job Cuts Following Employee Negotiations

Angry Birds maker Rovio Entertainment announced that it concluded its employee negotiations announced on August 26 this year. As a result, Rovio will reduce its workforce by 213 positions.

Rovio Entertainment will restructure and concentrate its activities around three primary business areas: games, media and consumer products. The negotiations applied to the whole organization, excluding those working on the production of the The Angry Birds Movie in the United States and Canada. The company will actively provide career support for those made redundant as a result of the reorganization.

On watch today include King Digital (NYSE: KING), Zynga (Nasdaq: ZNGA), and Glu Mobile (Nasdaq: GLUU), among others.

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