AMC Networks is laying off nearly 100 workers as part of a company-wide reorganization, TheWrap has learned.
CEO Josh Sapan announced the cuts, which will affect 10% of AMC Networks’ U.S. staffers, during an employee town hall Wednesday. Sapan said the restructuring is meant to streamline linear network operations with streaming, one of AMC Networks’ areas with the greatest potential for growth at this time.
The layoffs will affect several departments across the company — not including the Los Angeles-based programming team — with cut staffers set to exit by the end of the year. Details about the new company structure were not provided.