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Report: AMC offers voluntary buyouts to staffers


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Report: AMC offers voluntary buyouts to staffers

AMC Networks offering voluntary buyouts to about 200 staffers as the company looks to copewith a decline in ratings for its programming, reported July 18, citinga company confirmation.

The job cuts would represent about 6% of the company's workforce.Details about the package being offered to employees who have been with AMC forat least 10 years were reportedly not disclosed.

The move comes as AMC is facing pressure to cut costs amid adecline in ratings for its hit show "The Walking Dead," and the secondseasons of "Better Call Saul" and "Fear the Walking Dead." Newshow "Preacher" and "Feed the Beast" also failed to achievehigher ratings, according to the report.