It seems like The Walking Dead might not be the one factor that has come to an finish at AMC Networks, which operates the AMC cable TV channel, IFC, WE television, and Sundance TV. According to The Wall Street Journal, a memo has been despatched to workers warning them of main layoffs on the best way.
“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 wrote. “We do not take this lightly. We will take every step possible to minimize the impact of these actions on our community.”
All informed, AMC Networks plans to put off 20% of U.S. employees. Essentially, the reason being extra individuals turning to streaming for his or her leisure wants. AMC Networks additionally operates the AMC+ and Shudder streaming providers, however as Dolan’s memo laid out, these providers haven’t introduced in sufficient to offset losses.
AMC operates streaming providers, however they’re not profitable sufficient to stop layoffs
It’s robust to suppose that the community that has given us reveals like The Walking Dead, Mad Men and Breaking Bad has been taking such a serious hit this 12 months; their inventory has dipped 40%. At least The Walking Dead sequence finale gave AMC+ its greatest day of viewership because it started; that’s one thing!
According to Deadline, AMC Network isn’t the one one present process main layoffs. Paramount Global is shedding round 30 individuals as the corporate aligns CBS Studios, Paramount TV Studios, and the Paramount+ scripted originals crew.
What’s taking place at Paramount Global doesn’t sound as unhealthy as what’s happening at AMC Networks. It’s extra about group and determining easy methods to make issues work extra effectively for the studios. Although that doesn’t imply the layoffs don’t harm.
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