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AMC Networks to Lay Off 10% of U.S. Staff Following Strategic Shift

AMC Networks to Lay Off 10% of U.S. Staff Following Strategic Shift

AMC Networks is laying off around 100 staffers, or 10% of its domestic employee base, according to a person familiar with the matter.

The personnel reduction comes in the wake of a strategic evaluation that has turned the spotlight to the network’s biggest growth drivers — primarily, its streaming efforts. The announcement came by way of AMC Networks CEO and president Josh Sapan, who announced the changes to the company’s staff through a virtual town hall on Wednesday.

 

Written by Oli Coleman

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