MTV Cuts 250 Jobs

Feb 12, 2007  •  Post A Comment

Viacom is joining the ranks of media conglomerates reducing their workforce.

MTV Networks Chairman and CEO Judith McGrath announced Monday morning that 250 employees would lose their jobs.

The cuts will be made across MTV Networks channels and departments, consolidating the responsibilities of many positions. The layoffs represent about 6.9 percent of the MTV Networks U.S. workforce.

A spokesperson for MTV declined to comment.

“We’ve carefully reviewed all aspects of our business, and these moves are necessary to best align us for the future,” Ms. McGrath wrote in a staff email titled “Our Organization,” according to a copy of the email obtained by TelevisionWeek. “Unfortunately, this means that approximately 250 U.S.-based staff employees will be leaving the company. Over the next few days, department heads will be meeting with those employees whose positions have been affected. The majority of this process will be completed by the end of the week.”

The announcement comes one week after Discovery Communications shook up its ranks with several key executive departures. Last fall, NBC Universal laid off several hundred staffers to reduce operating costs.

(Editor: Grego)