Rovio Entertainment, the Finnish company behind Angry Birds and other games, will be laying off 110 employees, fewer than the 130 people it previous estimated, closing its Tampere studio to boot.
Rovio Entertainment, the Espoo, Finland-based maker of Angry Birds and other games, will need to lay off up to 130 people in its home country as a result of slower-than-anticipated growth.
Mikael Hed, Angry Birds maker Rovio’s co-founder and chief executive officer, will be replaced at the helm by current CMO Pekka Rantala at the beginning of next year, the company just announced.
Finland-based Angry Birds creator Rovio has received a 25 million euro facility from the European Investment Bank to spur its growth. Expect more these types of transactions to occur in the future.