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Seattle
RealNetworks (NASD: RNWK) this week laid off 60 employees, or about 4% of its total
workforce, as the company undergoes a restructuring and the spin-off of its
Rhapsody music service, TechFlash reported.

The layoffs came in the marketing,
human resources and finance departments associated with the Rhapsody joint
venture, as well as its video games and media software and services divisions.

RealNetworks
previously laid off 70 employees in November, and saw the departure of founder
and CEO Rob Glaser in January.

In February, it announced it would spin-off its
Rhapsody music service joint venture with Viacom’s (NYSE: VIA) MTV Networks.  

 

Related Links:
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(TechFlash)

http://www.realnetworks.com

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