MTV Networks has cut around 75 staff today, Broadcasting & Cable reports.
"We have been taking a look at our business and how to position ourselves for future growth. It’s pretty much the economy," a spokeswoman confirmed.
Most of the job cuts were in the development department and the music and logo division. One executive told the trade magazine that most of the cuts were at MTV. Ten positions were cut at Logo.
The layoffs account for less than 1% of MTV Networks’ workforce.
Meanwhile, MTV has revealed its current development slate, which is heavy on comedy programming, B&C reports.
The network is bringing in some familiar comedy names for "The Awesomes." The half-hour animated comedy about bumbling superheroes fighting supervillains, the paparazzi and their own reputations is from "Saturday Night Live" creator Lorne Michaels, head writer Seth Meyers and "Late Night With Jimmy Fallon" executive producer and "SNL" veteran Michael Shoemaker.
The network also has several other series in the works, including a sketch comedy show with Jamie Foxx, a remake of "Teen Wolf," D-List Celebrity puppet show "Warren the Ape" and "Hard Times."
"Hard Times" comes from producer David Katzenberg. The half-hour scripted series is about a 15-year-old who becomes infamous when his "anatomical gift is dramatically revealed in front of the whole school."