Here’s the full text of the memo from MTVN (NYSE: VIA) chairman and CEO Judy McGrath to her staff regarding layoffs and restructuring. It’s very low on detail; as the memo says, some of the specifics will come out today:

I’m sure you’ve read Philippe and Tom’s note, and I want to talk to you about what it means for MTV Networks – today and in the context of our overall mission and strategy going forward.

We all know there’s a fundamental restructuring of our entire economy going on, and it extends beyond our borders. This is not just about MTVN, Viacom or even sister media companies – it’s happening in every industry, all over the world.  This doesn’t make it easier to say goodbye to people we love and respect, but it is the hard truth. In these tough times, we are responsible for sustaining and reinventing our company as thoughtfully as we can.  The changes we’re making today are necessary, difficult, and the responsible way for us to move forward.

The rest of the memo, after the jump

Here in the U.S., we’re consolidating some groups, centralizing functions and outsourcing others, and aligning our resources across brands and platforms.  Specific details of the changes and how they affect you and your group will be communicated by your department heads today.  Our International organization continues to implement a new approach to structure and operations, which has been underway throughout the year. Further moves will be outlined by the leadership of each MTVNI region.

Change like this is so tough, to say the least.  But we must accept that we operate today in a state of constant evolution, constant change.

We believe the next chapter for each of us will be all about new possibilities, creativity and invention.  This is where our opportunity lies.  We can use this moment of global transformation to reassert our capacity to innovate, to inspire through creative and business excellence, to connect with our audience as powerfully as ever. We will be a leaner organization, but we will always be champions of new ideas, champions of all of our customers and brands, and leaders in new ways of doing business.

Everyone here contributes to MTVN and Viacom every single day and night without exception.  We hate to see dedicated friends and co-workers leave us, and we say goodbye with care, gratitude, support and respect.

Thank you all for your continued commitment to MTV Networks.

—Judy

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