Feeds

RealNetworks unhooks 130 employees in jobs cull

But we're still hiring!

Top 5 reasons to deploy VMware with Tegile

RealNetworks confirmed yesterday that it is to reduce its workforce by 10 per cent by axeing 130 jobs at the internet media company.

Despite the lay-offs, the firm's CEO Bob Kimball said it would continue to hire people in what he described as "growth areas" for RealNetworks.

Job cuts will hit engineering, sales, marketing and admin wings of the business.

Staff based in nearly all of RealNetworks' 16 worldwide offices – which include locations in Europe, the US and Asia – will be affected by the employee cull.

RealNetworks said it expected to swallow a charge of around $3m in its first quarter resulting from the layoffs. However, it said it hoped to save about $11m a year once the workforce reduction had been completed.

“Our plan to simplify, restructure and grow is on track,” said Kimball.

“While the process of restructuring is always difficult, we made substantial progress in 2010 in simplifying our organisation and restructuring to reduce costs. With an efficient foundation in place we are now focused intensely on growing RealNetworks.”

As part of the company's rejig, RealNetworks plans to hire people for its software as a service, "media cloud" and "socialised games" products.

The layoff announcement came ahead of the firm's Q4 results, which will be reported tomorrow. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?