SEC Watch: WebMD To Cut Up To 5 Percent Of Staff

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imageWebMD plans to cut its workforce between 4 and 5 percent, according to an 8-K filing. Severance payouts from the layoffs will add a $2.5 million restructuring charge to WebMD’s books in Q4. The company said tech-based operating efficiencies are driving the staff reduction, as well as a push to trim redundancies from previous acquisitions.

The economy has dealt WebMD (NSDQ: WBMD) a number of big blows in recent months: its bid to acquire Quality Health parent MTS for $50 million blew up in November, right after its long-standing plan to merge with its own parent company HLTH Corp got scrapped in October. Then there’s also the increased competition coming from the combined Revolution Health/Waterfront Media.

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Joan Rose


Noted you plan to reduce staff in your Wed MD operations and I am sorry to hear about this plan.

Are there plans to use freelance health writers. If so, might I send a resume to the proper resource person. I am an RN and published author and freelance heatlh writer.


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