This reorganization marks a significant milestone in our transformation of RealNetworks," according to Bob Kimball, president and acting CEO who replaced longtime head Rob Glaser just months ago."Restructuring RealNetworks into functional groups creates a far more efficient organization focused on developing great products that can be delivered through any of our distribution partners."
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RealNetworks Cuts 85, 25% of Executive Staff
Even after the recent spin-off of Rhapsody, RealNetworks continues to struggle. Today the company announced another round of layoffs that include 85 jobs or 6% of the total workforce. The cuts include 25% of its executives and will shrink offices in Europe, Asia and its Seattle headquarters. Real also consolidated its Technology Products and Solutions and Media Software and Services business units.