Blog Post

RealNetworks Lays Off 10 Percent Of Its Employees

RealNetworks (NSDQ: RNWK), which has been undergoing an aggressive restructuring under CEO Bob Kimball, is cutting 130 jobs, or 10 percent of its workforce. This is the third round of layoffs since Kimball replaced long-time CEO Rob Glaser a year ago; the company cut 60 jobs in March and eliminated another 85 positions, including 25 percent of its execs, in June.

Under Kimball, RealNetworks has focused its resources on two of its long-standing businesses-its software-as-a-service business for carriers and RealPlayer. It’s also in the process of launching its first new product in years, Unifi, a service that lets consumers access their personal media-including photos and music-from any of their personal devices. When we checked in with Kimball at the end of December, he told us that the company’s restructuring had taken longer than expected to complete but was nearly done.

In its announcement of the latest layoffs, RealNetworks says it has now “completed the restructuring required to create a more efficient and focused company.”

Today’s cuts impacted employees in engineering, sales, marketing and administration. The company says it expects to take a restructuring charge of $3 million related to the layoffs.