Habbo Hotel developer lays off 40 staff

Finnish firm Sulake set to begin redundancy negotiations next week - report

Finnish developer Sulake is lay off 40 staff, around 20 per cent of its workforce.

That's according to a report by Paidcontent, which claims negotiations on redundancies will begin on Monday.

Sulake develops and runs Habbo Hotel, the online social community that attracts around 12 million unique users every month. According to Arctic Startup, the firm made EUR 50 million in revenues during 2008, but profits of only EUR 1 million.

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