AMC Networks plans large-scale layoffs, operation cutbacks, WSJ reports

AMC Networks is planning large-scale layoffs and significant cutbacks to its operations, Will Feuer of Wall Street Journal reports, citing a staff memo from Chairman James Dolan. "We of course realize that this will cause significant concern and anxiety for our employees and those who rely on AMC Networks for their livelihood," AMC Chairman James Dolan said in the memo. "We do not take this lightly. We will take every step possible to minimize the impact of these actions on our community." The memo follows news that AMC Networks CEO Christina Spade has stepped down from her role less than three months after taking over. Reference Link