RealNetworks cuts staff
C|Net | at | by Mike
Streaming media company RealNetworks said Thursday it laid off 15 percent of its work force in an effort to keep its costs in balance amid the economic storm. The Seattle-based company said the layoffs, which are the first for RealNetworks, affected 140 out of 950 employees. RealNetworks added that it also has plans to make significant reductions in discretionary spending. "The way the economy is going generally and the tightness in our own market segment, we had to take steps to keep our costs in balance and make sure we manage wisely during the slowdown so that we can grow smartly when we come out of the slowdown," said Eric Liu, vice president at RealNetworks.
Lets hope they will have enough to run the company, hehehehe.