Angry Birds maker Rovio plans deep job cuts, profits seen falling

"Fundamental changes are needed to ensure Rovio succeeds in its global ambitions to be the leading entertainment company with mobile games at its heart," Rovio CEO Pekka Rantala said in a statement.

Helsinki: Finland`s Rovio, maker of hit mobile phone game Angry Birds, on Wednesday said it plans to cut up to 260 jobs, or about 37 percent of its workforce, and forecast falling profits for this year.

"Fundamental changes are needed to ensure Rovio succeeds in its global ambitions to be the leading entertainment company with mobile games at its heart," Rovio CEO Pekka Rantala said in a statement.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.