NEW YORK (Hypebot) – MTV has given pink slips to another 50 or more staffers. The layoffs come mostly in the Music Group and Logo divisions and follows the 850 jobs cut in December. "The current economic climate dictates we continue to look for more efficiencies in how we run our businesses," MTV said in a statement.
Some media outlets are reporting that the layoffs may be part of a larger reorganization. But somehow MTV Networks has found the cash to bring Jessica Simpson back to TV for a VH1 reality show dubbed "The Price Of Beauty". The price appears to be 50 jobs.