The long, slow metamorphosis of RealNetworks continues, with the company reporting a significant reorganisation as well as further layoffs.
Around 85 jobs have been lost this week, mainly from its Seattle hub.
These include around 25 percent of RealNetworks' executive team, as the company further consolidated its technology products and solutions, and media software and services teams.
"This reorganisation marks a significant milestone in our transformation of RealNetworks," said Bob Kimball, president and acting CEO.
"Restructuring RealNetworks into functional groups creates a far more efficient organisation focused on developing great products that can be delivered through any of our distribution partners."
Playing hardball
The axe also fell on its GameHouse mobile and casual gaming division, which was recently relocated into Real's main headquarters office in Seattle and will lose senior managers.
It's still planned that GameHouse will be spun out as a separate company at some point during 2010 however. The division had revenues of $30 million during Q1 2010, and $123 million for FY2009.
As a result of the reorganisation and reduction in office space, Real expects to record restructuring charges of approximately $10 million for the quarter ending June 30, 2010.
Approximately $3 million of this is related to the job cuts while around $7 million will be recorded as a loss on excess office facilities.
[source: RealNetworks]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Top Stories
News
38 minutes ago
Supercell CEO Ilkka Paananen joins LEGO’s board of directors days after Squad Busters’ soft launch
News
1 hour, 56 minutes ago
A Thinking Ape lays off staff across game design, software engineering, art teams and more
Feature
1 hour, 5 minutes ago
King’s Paula Ingvar: a games industry journey from "I’m not worthy!" to Candy Crush Soda’s VP of product
Feature
5 hours, 15 minutes ago
Hot Five: Supercell’s Squad Busters levels up, retro Nintendo on iOS, and Genshin Impact’s worst month yet
News
Apr 26th, 2024
Week in Views - Squads busted, Apple crushed, War zoned and Snoozin' with the Snorlax…
Events
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
News
Apr 25th, 2024