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Angry Birds maker Rovio plans layoffs

HELSINKI - Popular mobile game maker Rovio Entertainment says it plans to restructure its business and lay off up to 260 people because the company took on "too many things" during the past few years.

Rovio says it will focus on three core activities: Games, media and consumer products. The layoffs will affect the whole organization, excluding teams working on the Angry Birds Movie in the United States and Canada, expected for release in May 2016.

CEO Pekka Rantala noted Wednesday that Rovio's new game Angry Birds 2 has been downloaded nearly 50 million times since its July 30 launch, but that the Finnish company needs to be "leaner and more agile" to ensure it succeeds in its aim to be the world's leading mobile games maker.