35 in Seattle and the rest in Asia and Europe
Last modified on Thursday, 13 December 2007 02:57
RealNetwoks is making some cuts resulting in over 100 lay offs in the U.S., Asia, and Europe. 35 people were let go from the Seattle headquarters and the rest were from satellite offices in Asia and Europe.
While RealNetworks claims that the layoffs were made to eliminate what the company is calling “redundancies” due to company acquisitions over the past couple of years, some believe that it is a bigger sign that RealNetworks may be struggling a bit more than they appear to be on the surface and that this is a proactive move to save money and cut costs.
RealNetworks did not make any layoffs after all of the acquisitions, so there might be at least some validity to the statement. According to sources, RealNetworks does not plan any additional staff reductions at this time. With a company of almost 1,800 prior to the layoffs, it would seem that they would have to let more than 100 people go to make an impact to the bottom line.