RealNetworks to reduce workforce by 10 percent

Noting reduced spending in the industry, RealNetworks Inc. Thursday outlined a restructuring plan that the company hopes will return it to a position of overall growth.

As part of the plan, RealNetworks will reduce its workforce by 90, more than 10 percent of the approximately 800 employees. Although no changes were announced to the company's financial guidance, RealNetworks does expect to generate US$4-6 million in restructuring charges.

"The impact of the ongoing turbulence in the telecommunications industry and the weak capital spending environment on our systems business has caused us to step back and thoroughly review our strategy and operations," said Rob Glaser, Chairman and CEO, RealNetworks Inc. in a statement tonight.

The company also announced several other initiatives including refocusing the company's systems business around the recently announced Helix Community Platform and Helix Universal Server; Continuing to drive the company's consumer business around the growth of RealOne; and Reorganizing the company's International operations around each of the company's two main lines of business -- systems software and consumer.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jim Dalrymple

PC World
Show Comments

Essentials

Mobile

Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >

Exec

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?