“…RealNetworks, which competes with Microsoft Corp. in the market for software systems and players for Internet-based digital audio and video, said it would shed 90 jobs out of a work force of about 800 … The job cuts would generate $4 million to $6 million in restructuring charges, the Seattle-based company said. Shares in RealNetworks edged lower in after-hours trade, falling to $3.70, compared with a Nasdaq close of $3.81. The stock lost 2.3 percent in the regular session…”
Pick your source:
- New York Times: RealNetworks to Cut 10 Percent of Jobs, Take Charge (free registration required)
- IT World: RealNetworks trims staff; throws weight behind Helix
- the Register: RealNetworks streams staff
- SmartMoney: RealNetworks to Cut Jobs
- Reuters: RealNetworks to Cut 10 Percent of Jobs, Take Charge
- Quicken: RealNetworks Plans to Cut Jobs Amid Slump in Systems Unit
- Yahoo! News: RealNetworks to Cut 10 Percent of Jobs, Take Charge
- Hollywood Reporter: RealNetworks cuts staff 11 percent
- Boston.com: RealNetworks cuts staff 11 percent in reorganization
