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Summary Box: WebMD to cut 250 jobs

Source : AP
Last Updated: Tue, Dec 11, 2012 15:45 hrs

: 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.

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