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Angry Birds maker cut jobs over growth woes

Rovio announced a plan to cut up to 130 jobs in October, saying growth had not been as strong as expected.

The company said it will also consolidate its Finnish operations at its headquarters in Espoo.

Rovio has recently expanded the Angry Birds brand into an animated TV series, toys and clothing, while it has struggled to retain mobile players amid competition from new games.

Its operating profit halved last year to 36.5 million euros ($45 million) due to investments and stalling sales. – Reuters

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