RealNetworks Cuts Another Four Percent Of Staff
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RealNetworks (NSDQ: RNWK)—which is in the midst of a major reorganization—is cutting another four percent of its workforce, or 60 jobs. This is the first round of layoffs at the company since Rob Glaser stepped down as CEO. Interim CEO Bob Kimball is restructuring the company around two of its businesses—RealPlayer and its software as a service business for carriers—and a spokesman says the layoffs are related to that restructuring, as well as the planned spinoff of the company’s Rhapsody music service.
Asked whether more layoffs are planned, the spokesman said, “certainly nothing imminent is planned.” But even before Kimball took over, RealNetworks was cutting jobs. The company eliminated roughly 70 positions in November, 12 in August, and 130 jobs in December 2008.
SEE ALSO: RealNetworks’ Kimball: ‘We Must Do Things Differently And We Will’
The layoffs were first reported by TechFlash.
Posted In: Jobs & Layoffs, Companies, RealNetworks
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