With its spinoff of the Rhapsody music business nearing completion, RealNetworks is laying off 60 people, or about 4 percent of its 1,700 employees.
Most of the affected employees are in Seattle. They include people supporting the Rhapsody business, as well as a employees in other groups.
Interim Chief Executive Bob Kimball announced in February a dramatic restructuring of its business, including the spinoff of the Rhapsody subscription music service and eventually Real’s games business.
Whether that results in additional layoffs remains to be seen. The company’s periodically laid off employees as its business slowed in recent years.
“It’s too early to speculate on what’s gong to happen next, but Bob and the management team are focused on the mantra of simplify, restructure and grow,” spokesman Bill Hankes said.