AMC is the nation’s largest cinema chain. The coronavirus has brought the movie business to a halt. AMC has furloughed more than 600 corporate employees. More than 26,000 theater employees had to be furloughed or let go. The company instituted a furlough plan to preserve cash. AMC has borrowed over $300 million dollars in response to the coronavirus.
AMC Theatres furloughs CEO and staff as coronavirus pandemic closes cinemas https://t.co/SQuDSZ2jdy
— Variety (@Variety) March 25, 2020