WebMD Sharply Higher as Workforce Slashed
Posted on December 11, 2012 at 13:43 PM EST
WebMD (Nasdaq: WBMD ), a provider of health information over the internet, announced that it will cut its workforce by 14 percent (or 250 jobs) in an effort to streamline costs. In a statement, the company said it would save about $45 million. WebMD will take a restructuring charge