AMC Networks to Lay Off 20% of U.S. Workers as CEO Christina Spade Exits

employees, a sign of further disruption at a company that earlier Tuesday announced its chief executive had stepped down less than three months after taking the reins.

“We have determined we need to conserve resources at this time,” the entertainment company said Tuesday.

“This will involve cutbacks in operations which unfortunately includes a large-scale layoff, impacting approximately 20% of our employees in the U.S.” AMC said it has about 1,000 U.S.

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