Seattle – Media software and services provider RealNetworks (NASD: RNWK)
on Tuesday announced a third round of layoffs as part of an now-completed
restructuring, which will see 130 employees or about 10% of its total workforce
lose their jobs.
The company previously laid off 60 employees in March 2010,
and 85 more last June.
"Our plan to simplify, restructure and grow is on
track," said Bob Kimball, CEO of RealNetworks since the departure of
founding CEO Rob Glaser last year.
"While the process of restructuring is
always difficult, we made substantial progress in 2010 in simplifying our
organization and restructuring to reduce costs. With an efficient foundation in
place we are now focused intensely on growing RealNetworks."
The company
will take a restructuring charge of $3 million in the first quarter, and
expects the changes to save it $11 million annually.
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