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AMC Networks plans significant layoffs as CEO steps down after less than three months
CNBC ^ | 11-29-22 | Alex Sherman and Lillian Rizzo

Posted on 11/29/2022 2:09:09 PM PST by dynachrome

AMC Networks told its employees Tuesday that it is planning significant layoffs, according to people familiar with the matter and a memo obtained by CNBC.

The memo, sent by AMC Networks Chairman James Dolan, came shortly after the company announced that CEO Christina Spade stepped down from her role less than three months after being promoted to the position. The layoffs are expected to happen in the coming days and amount to about 20% of its U.S. staff, said one of the people, who was not authorized to speak publicly about the matter.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: amc; layoffs
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Only 20%? Best economy evah!
1 posted on 11/29/2022 2:09:09 PM PST by dynachrome
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To: dynachrome

I guess we better get used to this. Maybe they can all just go learn how to code?


2 posted on 11/29/2022 2:12:33 PM PST by woweeitsme
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To: dynachrome

Oh, The Walking Dead?


3 posted on 11/29/2022 2:15:11 PM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: dynachrome

They are all Biden voters so they are getting what they voted for and getting it hard.


4 posted on 11/29/2022 2:28:37 PM PST by CaptainK ("If life's really hard, at least its short")
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Just change it to a 24/7 TWD channel already. A good metaphor for the company anyway.


5 posted on 11/29/2022 2:30:29 PM PST by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: dynachrome

Who gives a chit? I don’t watch these stupid movies.


6 posted on 11/29/2022 2:31:17 PM PST by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: woweeitsme
Maybe they can all just go learn how to code?

Wrong kind of programs.

7 posted on 11/29/2022 2:32:00 PM PST by ImJustAnotherOkie
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To: rktman

They haven’t had any good shows in the last 5 yrs other than TWD & it’s myriad spin-offs. I remember watching Mad Men, Breaking Bad & Hell on Wheels faithfully just a decade ago. When each of those series ended, there was a void that they stupidly didn’t fill with new programming that was as well written and produced as the shows that had ended. They went woke and it’s gonna cost them bigly.


8 posted on 11/29/2022 2:33:09 PM PST by Prince of Space (Let’s Go, Brandon! )
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To: dynachrome

Viewers everywhere have been repeatedly burned by mainstream content producers. The medium has failed. Stick a fork in it.


9 posted on 11/29/2022 2:36:30 PM PST by nagant
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To: dynachrome
This isn't about the economy, it's about James Dolan. He's been running his daddy's work into the ground for years. He has the luxury of operating in New York City where the dull audiences and fans will keep any turd afloat. (He also runs the NY Rangers hockey and NY Nicks basketball teams).

It's only partially caught up to him. He'll cut 20% loose and keep going.

10 posted on 11/29/2022 2:38:36 PM PST by T.B. Yoits
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To: rktman

“Oh, The Walking Dead?”

Pretty good show right up to where they felt compelled to have a homosexual couple as characters including a homosexual kissing scene. Click. Never watched another minute after that.


11 posted on 11/29/2022 2:42:50 PM PST by suthener ( )
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To: dynachrome

I wonder if she got a golden parachute?


12 posted on 11/29/2022 2:43:26 PM PST by EEGator
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To: proust

That’s true, they have milked the TWD franchise for everything it’s has, they just ended the original TWD, but still have Fear and are starting up 3 additional spinoffs of the TWD.


13 posted on 11/29/2022 2:47:40 PM PST by srmanuel (I)
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To: rktman

LOL!


14 posted on 11/29/2022 2:49:34 PM PST by Flick Lives (Cui bono)
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To: dynachrome

They, like some of the other networks, push their ‘new’ stuff onto their plus+ streaming platform.

Their cable channel is ad-heavy. I hardly ever watch it. I gave up on The Walking Dead several seasons ago as each season became just more of the same.


15 posted on 11/29/2022 2:51:03 PM PST by TomGuy
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To: ImJustAnotherOkie

Learn how dig for lithium. I hear there are some openings in cchi-NUH.


16 posted on 11/29/2022 2:53:40 PM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: dynachrome
Remember WENN when AMC TV was actually good? Remember Bob Dorian?


17 posted on 11/29/2022 2:53:59 PM PST by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: srmanuel

TwD has become a soap opera with zombies


18 posted on 11/29/2022 2:56:44 PM PST by Mr. K (No consequence of repealing obamacare is worse than obamacare its ? And the ambassador to Ukraineelf)
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To: Mr. K
TwD has become a soap opera with zombies

I lasted until about season 9.

19 posted on 11/29/2022 2:59:20 PM PST by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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To: Governor Dinwiddie

That was TMC, not AMC...


20 posted on 11/29/2022 3:04:00 PM PST by kosciusko51
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