AMC Networks To Cut 20% Of U.S. Workforce As Cord Cutting, Streaming Costs, Economic Jitters Roil Media

A media sector squeezed by streaming losses, anemic stocks, layoffs and executive turmoil unveiled its latest casualties Tuesday: 20% of AMC Networks’ U.S. staff, or about 200 people, along with the departure of CEO Christina Spade. The news follows Bob Chapek’s equally sudden departure last…#amcnetworks #amc #christinaspade #streaming #sectorsqueezed #disney #streaminglosses #networks #departure #spade

Source: Reuters: Health - November 30, 2022 Category: Consumer Health News Source Type: news