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The latest:

It's not just "permalance" getting laid off. It's also SVPs and EVPs that have been here for over 10 years!! Have families, kids, etc.
Everyone is getting in elevators asking around "are you ok?" "are you cut?" It's not a pretty picture here...

Another source tells us that MTV World — which includes Chinese-American themed MTV Chi, South Asian -themed MTV Desi and Korean American themed MTV K — has completely folded. But there's a light at the end of the tunnel! We hear that campus-only channel MTVu's entire staff will be spared. (Lamb's blood over the door?)

Earlier: Entire Vh1 Classics Department Axed