Brief: AMC Networks Says Will Execute Cutbacks In Operations Which Includes A Large-Scale Layoff

AMC Global Media

29/11/2022 19:23

Nov 29 (Reuters) - AMC Networks Inc  AMCX.O :
    * AMC NETWORKS SAYS DUE TO PRESSURES IN INDUSTRY AS WELL AS
A
CHALLENGING ECONOMIC ENVIRONMENT DETERMINED WE NEED TO CONSERVE
RESOURCES AT THIS TIME
    * AMC NETWORKS SAYS WILL EXECUTE CUTBACKS IN OPERATIONS
WHICH
INCLUDES A LARGE-SCALE LAYOFF, IMPACTING APPROXIMATELY 20% OF
OUR EMPLOYEES IN THE U.S

Further company coverage:  AMCX.O 
 ((Reuters.Briefs@thomsonreuters.com;))