More news of lay-offs in Seattle. TechFlash is reporting that RealNetworks is cutting 130 jobs representing roughly 7.5 percent of its worldwide staff - this includes thirty-nine in Seattle. According to a company spokesperson, RealNetworks cut the jobs "to get expenses in line with revenue."
The laid-off RealNetworks employees will stay on until the end of the year, and will receive a cash severance package based on their years of service. They'll also get six months of paid COBRA insurance, according to Hankes. He said that's twice the amount that RealNetworks has paid in the past and attributed it to the bad economy.
After the cuts, RealNetworks will have 1,670 employees.
RealNetworks, Inc. provides the universal platform for the delivery of any digital media from any point of origin across virtually any network to... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
