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The company has faced unavoidable comparisons with fellow Finns Supercell, which made $892m of revenues in 2013 from just two games with a headcount of 132 staff.
Johnston Press started 2012 with a headcount of more than 5,650, and ended it with 4,350, according to the company's annual results for the year to 29 December.
Together, the two companies will have a headcount of 25.
In the European Union (EU), a business with a headcount of fewer than two hundred fifty is classified as medium sized, a business with a headcount of fewer that fifty is classified as small.
The company, which also recently acquired app platform AppCarousel, now has a headcount of about 350.
Olson said the combined companies have a headcount of 145 employees.
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"During a meeting with our employee representatives on Monday we confirmed that we will have a headcount surplus of around 750 members from August onwards.
$456 million in operating expenses, $380 million in capital dollars, and a headcount increase of 2,400 people.
"We weren't originally thinking about building a messaging app," said CEO Arjun Sethi, who started MessageMe after growing a social gaming company called LOLapps to a peak headcount of 150 and 50 million monthly active users on Facebook.
The company said that it cut 200 roles in the first half, despite hiring a significant number of digital journalists, to give a total headcount of 4,984.
The restructure, from a total headcount of 1,000 staff, will form part of a plan to take £50m out of Channel 4's cost base this year and a further £50m in 2009.
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