Habbo Owner Sulake to Lay Off 40 Employees
Virtual goods may be bringing millions of dollars for social and casual gaming companies, but there are still lots of bills to pay, from servers to employees to advertising. Some of those costs appear to be the cause behind Habbo maker Sulake‘s planned layoffs.
Last year, the company made 50.1 million Euros in revenue in 2008, with profits of only 1 million Euros, according to Arctic Startup. That would have been revenue of $70 million, going by the exchange rate at the end of last year, with profits of around $1.4
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