Rovio to cut 260 jobs

That means concentrating on making hits like Angry Birds, as well as finishing out an animated movie based on the series.

Today’s count includes 260 employee redundancies which will allow the company to restructure its primary business areas.

Finnish games developer Rovio is cutting one in three jobs to try to keep the company afloat after failing to replicate its Angry Birds success. Angry Birds 2, launched earlier this year, helped the company gather some momentum, having snapped-up over 50 million downloads within a month of the launch, although the overall situation does not appear to have improved.

“This is personally a hard decision”, Rantala said.

“In our current financial condition we must now put focus on where we are at our best: in creating magnificent gaming experiences, in producing an incredible animation movie and in delighting our fans with great products”. It’s the in-app purchases that count, and while Rovio didn’t disclose how much it’s collected from its newest Angry Birds title, the company is struggling financially.

At the end of 2013 Rovio had around 800 staff and its mobile games have been some of the most popular games to date. “We will work with and support all our employees through this period of change”, Rovio CEO Pekka Rantala says in a statement.

Last year, Rovio’s total revenue fell 9 percent to 158 million euros, while operating profit slumped 73 percent to 10 million euros.