Habbo Hotel Parent Company Sulake Lays Off 40 Staff
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The company behind the popular teen-focused Habbo Hotel virtual world is to lay off 40 staff, according to tweets from affected employees and reports in the Finnish media (via Arctic Startup). Sulake will shed about 20 percent of its global staff, with whom redundancy negotiations start on Monday. The company has yet to respond to our request for comment.
Arctic Startup reports, citing figures from Finnish financial service Kauppelehti, that for 2008 Sulake made revenue of €50 million (£45.9 million) but profits of just €1 million (£919,000). The company has about 300 staff across 13 countries and Habbo attracts about 12 million unique monthly users across 11 languages. Sulake alo runs the Finnish social networking company IRC-Galleria and, judging by a job ad for a Singapore-based moderator, it may still be expanding in Asia.
Posted In: Entertainment, Games, Countries, Europe, Scandinavia, Finland
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