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AMC Networks Plans ‘Large-Scale Layoff’ Amid CEO Christina Spade’s Abrupt Departure

AMC Networks Plans ‘Large-Scale Layoff’ Amid CEO Christina Spade’s Abrupt Departure

AMC Networks is planning a “large-scale layoff” amid CEO Christina Spade’s abrupt departure from the company after less than three months, per an internal memo penned by chairman James Dolan, obtained by TheWrap.

In the note to staff, Dolan — who pointed to a need for resource conservation following mixed third-quarter earnings results — said that the company has “directed the executive leadership of AMC Networks to undergo significant cutbacks in operations.”

Earlier on Tuesday, the TV and streaming company announced Spade’s exit, though no reason was given for her leaving. She had served in the post since Sept. 9, taking over Matt Blank who held the position as an interim since September 2021. When AMC Networks’ Board of Directors names a replacement, which it is currently finalizing, it will mark the company’s fourth individual at the helm in two years.

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Christina Spade Abruptly Exits as AMC Networks CEO

See full article on The Wrap