American Cybercast Network laid off 12 of its 56 staffers, according to a report in Variety. The company, creator of the Spot
, eliminated staffers in all organizational areas. AMCY has expansive plans to launch an online network of shows and recently tapped Scott Siegel, a former Columbia Pictures Television exec, as president of entertainment. AMCY execs reportedly acknowledge they may have grown too quickly, but assert the company isn't financially strapped.
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