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	<title>MediaMemo &#187; COBRA</title>
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	<description>by Peter Kafka</description>
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		  <title>All Things Digital</title>
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		<title>RealNetworks Cuts 130, 7.5 Percent of Workforce</title>
		<link>http://mediamemo.allthingsd.com/20081204/realnetworks-cuts-130-75-of-workforce/</link>
		<comments>http://mediamemo.allthingsd.com/20081204/realnetworks-cuts-130-75-of-workforce/#comments</comments>
		<pubDate>Thu, 04 Dec 2008 21:10:14 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[MediaMemo]]></category>
		<category><![CDATA[Peter Kafka]]></category>
		<category><![CDATA[music]]></category>
		<category><![CDATA[Bill Hankes]]></category>
		<category><![CDATA[COBRA]]></category>
		<category><![CDATA[company]]></category>
		<category><![CDATA[expenses]]></category>
		<category><![CDATA[jobs]]></category>
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		<category><![CDATA[layoffs]]></category>
		<category><![CDATA[MTV]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[RealNetworks]]></category>
		<category><![CDATA[revenues]]></category>
		<category><![CDATA[Rhapsody]]></category>
		<category><![CDATA[Rhapsody America]]></category>
		<category><![CDATA[Rob Glaser]]></category>
		<category><![CDATA[severence]]></category>
		<category><![CDATA[subscription]]></category>
		<category><![CDATA[Viacom]]></category>
		<category><![CDATA[workforce]]></category>

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		<description><![CDATA[Next up on today's layoff parade: RealNetworks, which is cutting 130 jobs, or 7.5 percent of the workforce. Standard explanation: The company is trying to "bring expenses in line with revenues in a time of economic turmoil."]]></description>
			<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2008/12/real-logo.png"><img class="size-full wp-image-1707 alignright" title="real-logo" src="http://mediamemo.allthingsd.com/files/2008/12/real-logo.png" alt="" width="199" height="82" /></a>Next up on today&#8217;s layoff parade: RealNetworks (RNWK), which is cutting 130 jobs, or 7.5 percent of the workforce. Standard explanation: The company is trying to &#8220;bring expenses in line with revenues in a time of economic turmoil.&#8221;</p>
<p>The layoffs are companywide. The company tells us it is not shutting down the New York office of Rhapsody America, the music subscription service that Real runs as a joint venture with Viacom&#8217;s (VIA) MTV as <a href="http://gawker.com/5101778/mtv-closing-rhapsody-office">Gawker</a> reported this morning. The corporatewide layoffs were first reported by <a href="http://news.cnet.com/8301-13577_3-10113553-36.html">CNET</a>.</p>
<p>Other details relevant to laid-off employees:</p>
<ul>
<li>All are on payroll through the end of the year</li>
<li>Each will be offered a cash severance package based on length of service</li>
<li>Said severance package will include six months of paid COBRA</li>
<li>Etc., etc.</li>
</ul>
<p>Real PR boss Bill Hankes has more details at the company&#8217;s <a href="http://realnetworksblog.com/?p=175">blog</a>.</p>
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