“RealNetworks [RNWK] has commenced layoffs of seven percent of its workforce,” Electronista reports.

“An additional seven percent may follow in the coming months. The moves are part of interim CEO Rob Glaser’s plan to reduce costs by $45 million as rapidly as possible,” Electronista reports. “The first wave of employees involved in the layoffs were notified today, and the second batch have been notified that their current positions will not be renewed at the completion of work, and they may be reassigned elsewhere if financial conditions improve.”

Electronista reports, “Real is expecting a loss between $9 million and $12 million for the third quarter.

Read more in the full article here.

MacDailyNews Take: Finally running out of Microsoft’s settlement money, Glaser? Tsk, tsk.

(Yes, we’re amazed that RealNetworks even had 80 employees left, much less slightly over 1,000 before these cuts. 1,060 minus these 80 will take headcount down to 980 cubicle dwellers.)

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