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AMC Networks Cuts 10% Of U.S. Workers In Streaming-Focused Reorganization

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deadline.com
deadline.comdeadline.com:

Dade Hayes Finance EditorEXCLUSIVE: AMC Networks is letting go 10% of its U.S. workforce, eliminating nearly 100 positions in a reorganization designed to streamline the company’s linear and streaming operations.CEO Josh Sapan announced the cuts during a virtual town hall meeting earlier today, company insiders tell Deadline.

He said a months-long strategic evaluation of the company had focused on an overhaul of its structure to emphasize areas with the greatest growth potential as streaming becomes more central to the entire industry.

Also, similar to the view of other media leaders confronting the march of technology, Sapan said a central objective for 2021 and beyond will be to change how the company operates.

Read more on deadline.com
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