WebMD cuts means job loss in Midtown
Atlanta-founded health information provider announces cuts Tuesday that will reportedly affect workers in the company's Colony Square office.
As the Atlanta Business Chronicle reported Monday, WebMD Health Corp. announced job cuts Tuesday that will affect the Midtown office located on the top two floors of the 400 Colony Square office building. The cuts are a part of WebMD's reduction in annualized operating expenditures of approximately $45 million. The leading health information provider said in a release Tuesday that the “comprehensive program to streamline its operations, reduce costs and better focus its resources on increasing user engagement, improving customer satisfaction and driving innovation” would come at a cost. Approximately 250 positions, or roughly 14 percent of the company's employees, will be eliminated. Two years ago, WebMD signed a long-term lease for 41K …
KamdenATL
9:49 pm on Tuesday, December 11, 2012
This sucks... I have friends that work (worked?) there... Anytime your revenue stream is dependent on advertisers, you are at risk. Hopefully this works out for them in the long run. more ›