FTVLive FIRST told you yesterday in a Patron Only story that CBS was going to implement another round of layoffs.

Today, the staff at CBS got an internal email from President and CEO of the Entertainment group George Cheeks, which said in the first line of the memo, “we are in the process of restructuring various operations, and unfortunately, this means there are layoffs.”

He goes on to say, “As part of this process, valued members of our team will be leaving the company.”

FTVLive obtained the full memo and it is posted below: