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Originally published February 8, 2011 at 4:27 PM | Page modified February 8, 2011 at 6:41 PM

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RealNetworks trims about 130 jobs

Seattle-based RealNetworks said Tuesday that it is trimming its workforce by 10 percent, or about 130 jobs.

Seattle Times technology staff

Seattle-based RealNetworks said Tuesday that it is trimming its workforce by 10 percent, or about 130 jobs.

The media and software company has announced other layoffs over the past year as part of a corporate restructuring. With the latest move, the company said it has completed that process.

"Our plan to simplify, restructure and grow is on track," Chief Executive Bob Kimball said in a statement. "While the process of restructuring is always difficult, we made substantial progress in 2010 in simplifying our organization and restructuring to reduce costs."

The company said layoffs will "span most geographies" of the company and involve jobs in engineering, sales, marketing and administration. According to spokeswoman Tiffany Dunning, fewer than 50 of the cuts are in the Seattle area.

Real said it plans to take a $3 million restructuring charge in the first quarter, and expects an annualized savings of $11 million with the latest cuts.

The cuts come more than seven months after the company trimmed 85 jobs in June. At that time, it was reported that the company would be down to 1,365 employees from 1,700 before Kimball started the restructuring in February of last year.

Kimball took over from company founder Rob Glaser, who stepped down a year ago. Since then, Real has whittled itself down, with operations now centering on software as a service, social gaming and emerging products.

Among Real's newest products is a cloud service called Unifi, which is designed to catalog a user's media collection and make it them available on multiple devices. It's expected to be launched in the first half of this year, the company said.

RealNetworks is scheduled to report fourth-quarter financial results Thursday.

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