Angry Birds developer Rovio planning staff layoffs

Angry Birds developer Rovio is planning to lay off 16 percent of its staff. The Finnish game studio's CEO Mikael Hed told today in a public blog post that about 130 jobs in the company could be on the line due to slower business growth than anticipated.

"We are an entrepreneurial company and have been exploring multiple areas. We have been building our team on assumptions of faster growth than have materialized. As a result, we announced today that we plan to simplify our organization around our three key businesses with the highest growth potential: games, media, and consumer products. Unfortunately, we also need to consider possible employee reductions of a maximum of 130 people in Finland (approximately 16% of workforce)."