Posted on 10/03/2014 1:33:30 AM PDT by Citizen Zed
The maker of hit mobile video game Angry Birds, Rovio, will lay off 130 staff, it announced on Thursday.
The job cuts in Finland, which account for 16% of its workforce, will happen "sooner rather than later," said chief executive Mikael Hed on its website.
"We have been building our team on assumptions of faster growth than have materialised," he added.
Angry Birds is the number one paid mobile application of all time, according to Rovio.
The company has expanded the brand into a TV series, toys, clothing and an animated movie, which is expected to premiere in cinemas in the summer of 2016.
(Excerpt) Read more at bbc.com ...
another 99 weeks of unemployment for American unemployed to compensate for the Fins losing their jobs.
Interesting that a hundred years ago, when we needed the hardware of lights, and cars and combines and tools to develop our nation, we prospered long but when we focused on software, our "progress" is shortlived.
(I know, Finnish company, but my comment is still correct for us here)
I would say that is an unfair statement. Rapid growth can only continue for so long, and the world is far different now as well. American workers are treated far different now vs during the early 1900’s. We don’t have cheap labor like many countries do. The market is global.
Then Jesus can’t be too far away
Maybe true, but make sure you only accept the real one.
There'll be a lot of fakers around... like the current occupant of the White House
16% of Finland's jobs, or 16% of Rovio's???? Can't anybody write a comprehensible sentence any more, even the BBC?
Are they building a slingshot outside the office?
What you say may be accurate, even profound, but we would not be reading your words without software. Lots of it.
Wow.
If 130 people is 16%, that’s 813 employees.
At 40k burdened cost per employee, that’s a cost of $32m/year.
I may be missing something, but it’s hard to imagine Angry Birds generating that much revenue (creating that much value).
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