Summary Box: WebMD to cut 250 jobsDecember 11, 2012 @ 7:34 am
(AP) - THE CUTS: Health website operator WebMD Health Corp. said Tuesday it plans to cut about 14 percent of its workforce as part of a push to reduce costs. The cuts amount to about 250 positions for the New York company, which expects to reduce annual operating expenses by about $45 million.
TAKING A CHARGE: WebMD will record a pre-tax restructuring charge of between $6 million and $8 million in the fourth quarter.
ABOUT THE COMPANY: WebMD provides health and benefits information to consumers, employers, doctors and health plans. Its websites include WebMD Health, MedicineNet, RxList and theheart.org.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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