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Habbo Hotel publisher Sulake to lay off 40 staff
All is not well in the virtual world of Habbo Hotel.
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.
Added to the Job Loss Tracker.