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Habbo Hotel publisher Sulake to lay off 40 staff

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 PaidContent.org), 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.

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Posted by Nicholas Lovell on October 7, 2009 · Filed under Balderton, GameOverZone, Habbo Hotel, Job Loss Tracker, Redundancies, Sulake

  • 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
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