RealNetworks Completes Restructuring Plan
Media software and services company RealNetworks, Inc. (Nasdaq: RNWK) today announced it has completed the restructuring required to create a more efficient and focused company. The restructuring will enable RealNetworks to focus on the company’s core strengths of creating applications and services that simplify the way people connect to and enjoy their media. As a final step in the restructuring efforts, about 130 positions will be eliminated, representing an approximate 10 percent reduction in the company’s workforce.