Layoffs, digital media, Economy

RealNetworks Lays Off 130, 39 in Seattle

Gregory T. Huang 12/4/08

Seattle-based RealNetworks has confirmed it is cutting 130 jobs, or 7.5 percent of its worldwide staff. The digital-media company says 39 of the positions are in Seattle. The layoffs will be effective at the end of the year. Displaced workers will receive cash severance packages and six months of healthcare coverage.

Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.