IMS Health, which provides market research to the pharmaceutical and health care industries, said Friday that it will cut 10 percent of jobs worldwide by the end of the year.

The company said it expects to take a pretax charge of $86 million to $90 million in the fourth quarter of 2007, mostly for job termination benefits. The company expects to save $55 million to $60 million a year starting in 2009 from eliminating jobs and other cost-cutting measures.

‘We are positioning ourselves to reflect market realities and are adjusting our cost structure _ aiming for greater simplicity, fewer management layers, faster decision making and a sharper focus on addressing clients’ new priorities,’ IMS chief executive David Carlucci said in a statement. Read more

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“In the new IAC, it’s going to be a flagship brand”

NEW YORK (Reuters) - IAC/InterActiveCorp said on Wednesday that company executive Jim Safka would become chief executive of its Ask.com search unit, its latest executive shift ahead of a major restructuring.

Safka’s appointment is effective immediately, IAC said. He will also retain his role as CEO of Primal Ventures, an investment arm of Internet conglomerate IAC.

Safka previously served as CEO of Match.com, IAC’s online dating company, from 2004 to 2007. He replaces Jim Lanzone, who is moving to venture capital firm Redpoint Ventures as entrepreneur-in-residence. Read more

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“Our contract’s coming up … so we’re going to be dealing with these exact same issues”

Facing dwindling savings accounts, striking television and film writers returned to the picket line on Wednesday, saying they’re eager to get back to work but determined to tough it out until their demands are … via 680News

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“The Times believes they can make the reduction they need to make primarily through attrition”

The Seattle Times Co. is eliminating 86 jobs, most through attrition but 17 through layoffs, in a plan to cut costs by US$21 million, company officials confirmed. via CBC News

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Tags: Marketing, Internet-Marketing, Media, Online-Advertising