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Habbo Hotel publisher Sulake to lay off 40 staff

By on October 7, 2009
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All is not well in the virtual world of Habbo Hotel.

Habbo screenshot

Parent company Sulake is starting the negotiation process to make 40 layoffs amongst its 200-strong Finnish workforce (the company employs 300 people globally).

Habbo Hotel was an early winner in making virtual goods a viable business model, and the game/virtual world is still seen as a pioneer in the market.

In 2008, the company made profits of €1 million on revenues of €50 million (via, and its possible than in 2009, the revenues have come under pressure, leading to the need for cuts.

Sulake raised $23.5 million in a round led by Balderton Capital in July 2005 at a valuation of €65 million.

Added to the Job Loss Tracker.

About Nicholas Lovell

Nicholas is the founder of Gamesbrief, a blog dedicated to the business of games. It aims to be informative, authoritative and above all helpful to developers grappling with business strategy. He is the author of a growing list of books about making money in the games industry and other digital media, including How to Publish a Game and Design Rules for Free-to-Play Games, and Penguin-published title The Curve:
  • Yutsuriyan

    what thier fuckkkkkkkkkkkk

  • I have been going to world tour and I stay at this hotel.It is so handy and I even tell my friends in Russia to stay here

  • adamgollam

    I don't get it:)) They make a huge profit, but they need to fire people!! Why is that? Please explain me the mechanics of such a decision.
    hotels in Barcelona

  • What more can we expect some companies are badly affected by the economic recession we are dealing with, well in Dubai there are some openings for such kind of job

  • Different point of view from that post. Interesting to say the least.