WebMD lays off 250 employees - Pharmaceutical advertisement downturn blamed

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December 12th, 2012, 06:02 PM

sharon sanders sharon sanders is online now

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WebMD lays off 250 employees - Pharmaceutical advertisement downturn blamed

WebMD has information on all types of medical issues including: trending medical topics, news, and a drug information section.

Apparently their funding sources, which are pharmaceutical companies, have cut back on advertising and WebMD's revenue is off by 13% in the last quarter after trending downward for the last five quarters. They plan to cut 45 million in yearly expenses to meet lower revenues.

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