In a blog post pointing out some of the issues surrounding Angry Birds
purveyor Rovio, the company's outgoing CEO announced that the game maker will shed 130 people in an effort to reduce costs. The layoffs are all in the company's home country of Finland, and represents 16 percent of the company's total workforce.
Calling the layoffs a result of "assumptions of faster growth" than reality delivered, CEO Mikael Hed wrote
that the company is still "in a good place to reignite growth." The company announced in April that it had reaped annual profits of $34 million, down more than 50 percent from 2012.
was released in the early days of the iOS App store, in December 2009. The title is actually the company's 52nd game, and has been downloaded more than a billion times, with paid downloads reaching 25 percent of the total. The company also publishes titles from other developers, with limited success. The company has 11 Angry Birds
-related titles, with a handful of others on various app stores. An animated feature film is in development.