Layoffs at RealNetworks Include Executive SlotsBy Channel Insider Staff | Posted 2010-06-28 Email Print
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Seattle-based RealNetworks is once again scaling back its operations and announced a restructuring of its operations which includes layoffs of 85 employees, according to a company statement from June 22. RealNetworks is a digital entertainment company known for its RealPlayer streaming platform, but is also involved in the mobile and casual gaming markets with its GameHouse studio. The company is now down to roughly 1,300 employees.After the spinoff of its music-subscription streaming service Rhapsody as an independent company with Viacom, RealNetworks makes deeper job cuts in Seattle.
The layoffs include a 25 percent reduction in its executive ranks and the reorganization seeks to streamline its technology and media services divisions.
To read the original eWeek article, click here: RealNetworks Eliminates 85 Jobs Including Execs