RealNetworks (RNWK) Eliminates 10% of Workforce
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Price: $0.73 --0%
EPS Growth %: +100.0%
Financial Fact:
Cost of revenue: 16.74M
Today's EPS Names:
CP, RUSHA, SEIC, More
EPS Growth %: +100.0%
Financial Fact:
Cost of revenue: 16.74M
Today's EPS Names:
CP, RUSHA, SEIC, More
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RealNetworks (NASDAQ: RNWK) disclosed the following on Thursday:
On November 4, 2015, RealNetworks, Inc. commenced the elimination of approximately 60 positions worldwide, or approximately 10% of its worldwide employee base, in connection with a pivot in strategy for its RealTimes product that is expected to include more relationships with mobile carriers and other distribution partners, and in furtherance of its previously disclosed efforts to reduce operating expenses. RealNetworks recorded $2.3 million in charges associated with this reduction in force in the quarter ended September 30, 2015.
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