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.
AMC Networks is not the only entertainment entity to enact layoffs. Earlier on Wednesday, NBCUniversal began implementing additional layoffs across its entertainment networks division, helmed by Frances Berwick, impacting fewer than 5% of its workforce. And ViacomCBS let go of around 100 employees as the merger between Viacom and CBS continues to translate to streamlining — and personnel cuts — a year after the deal’s close.
Deadline first reported the news.
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