RealNetworks Cuts 85 Jobs
Seattle-based RealNetworks (NASDAQ: RNWK) said today it is cutting 85 jobs, and eliminating one-fourth of its executive management positions. The reorganization is part of Real’s new strategy to do what it calls “simplify, restructure and grow.”
“This reorganization marks a significant milestone in our transformation of RealNetworks,” president and acting CEO Bob Kimball said in a statement. Restructuring into functional groups will bring more focus on developing new products, Kimball said.