Rovio will cut a third of its workforce, resulting in angry employees
Rovio has announced it will be cutting over 200 jobs across all its entire organization.
Rovio has announced it will be cutting 213 jobs with the majority of them occurring in its Finland-based office.
The company will restructure after losing a little over a third of its workforce to concentrate its activities around three primary business areas: games, media, and consumer products. Rovio will cut jobs across its entire organization, except for those who are currently working on the production of The Angry Birds Movie.
Rovio previously announced its possible job cuts back in August, which the company, at the time, announced it planned to terminate up to 260 employees. While seeing a reduction of job cuts could be seen as a positive, over 200 job cuts is still devastating, especially when it makes up a third of your complete workforce.
With Rovio now focusing on the three pillars that made it so popular to begin with, hopefully the studio can continue to produce great games with outstanding production quality, while also selling tons of Angry Birds-related merchandise.
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replyDaniel Perez posted a new article, Rovio will cut a third of its workforce, resulting in angry employees
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continually surprised when these mobile game companies get one hit and then scale up like they've discovered the golden ticket that's going to bring in a decade of sustainable profit
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no, Rovio would swear that, any wider view of the industry and historical trends wouldn't suggest it had real staying power. They made a ton off it but scaled like it was going to last for a decade and that new hits would follow. They couldn't even make an equally successful sequel, let alone a new IP.
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and clearly those new ventures aren't very successful or they wouldn't be downsizing like this. The history of media companies is littered with proof that one success doesn't mean you have the magic to create a second one.
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I suppose it depends on exactly what you hope to accomplish. If you want to optimize for your company hanging around you might want to use your giant profits as a parachute while you try to make another great game (the Blizzard/Valve approach). Presumably the company has to take on some amount of debt to scale this big this quickly so there are some risks if it all comes crashing down, but I'm sure the CEO is fine either way. There's just no evidence to suggest you can turn a single hit into a major company for decades.
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angry ex-employees
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Yes. YEEEESSSSSS!!!
(I mean the pun, people losing their jobs is not cool) -
How is Zynga doing these days?
