RealNetworks to layoff 130 employees
According to Bill Hankes, VP, Corporate Communications, RealNetworks is laying off 130 employees by end of this year. That’s roughly 7.5 percent of their worldwide employment base:
The people who are losing their jobs will have time to transition their work through the end of the year. No one is being shown the door today. Departing employees can conduct job searches for other positions at Real or elsewhere from their offices here, or, if they prefer, from home. Everyone will remain on the payroll through the end of the year, plus each will be offered a cash severance package based on their length of service. Because of the unusual and difficult economic times, these severance packages include outplacement services and six months of COBRA healthcare coverage.
I know many of the people who are leaving. They are sharp, hard working and dedicated. It is hard to say goodbye, but I am confident they will land well.
From RealNetworks Blog
