RealNetworks Trims Workforce by 130
Seattle-based media software and services company RealNetworks announced it would lay off an additional 130 people, or 10 percent of its workforce, during the last phase of restructuring the company. The cuts will save the firm $11 million annually. The layoff is expected to include 40 workers in the Seattle area. Since CEO Bob Kimball took over in February 2010, the workforce has decreased from 1,700 to around 1,300 employees.