Alamo Drafthouse Lays Off 15 Corporate Employees Amid Box Office Downturn

variety.com:

Rebecca Rubin Senior Film and Media Reporter Alamo Drafthouse has been hit with layoffs as 15 employees, or 9% of its workforce, at the corporate level were let go.

The popular movie theater chain had 165 workers prior to the cutbacks. Alamo Drafthouse declined to comment. However, sources say the roles were eliminated as part of a business reorganization to prioritize efficiency and added that no further layoffs are anticipated on the cooperate side.

Like all cinema circuits, Alamo Drafthouse has spent the past four years grappling with the residual effects of COVID, only to face additional setbacks from 2023’s twin labor strikes.

Domestic box office revenues in 2024 fell to $8.75 billion, down 3.3% from last year and 23.5% from 2019, marking first time post-pandemic that yearly revenues didn’t improve upon the last.