Rovio Entertainment, creator of Angry Birds, is about to be hit with up to 260 staff layoffs.

According to The Guardian, Rovio chief executive Pekka Rantala said that "Rovio's growth and eagerness to explore new business opportunities over the past few years have been exceptional. As a result, we did too many things."


"In out current financial condition we must now put focus on where we are at our best: in creating magnificent gaming experiences, in producing an amazing animation movie and in delighting our fans with great products," Rantala added.

In October last year, Rovio was hit with another round of layoffs. In addition, the Finnish company saw its operating profit fall from €36.5 million to €10 million for the 2014 calendar year.