RealNetworks Reorganizes — Again; 85 Jobs Cut, $10 Million Charge

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Credit: Flickr/mightykenny

RealNetworks (NSDQ: RNWK) is reorganizing once again, taking a $10 million charge this quarter as it cuts staff and office space. About 85 jobs are being cut, including roughly 25 percent of the company’s execs. This is the second round of layoffs at the company since Rob Glaser stepped down as CEO in January; in late March, RealNetworks cut 60 jobs.

Interim CEO Bob Kimball is focusing the company on two of its businesses

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will marks

Didn’t realize they were even still in business. Sorry for all the good folks losing their jobs because of poor senior management.

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