An Onion Update

Steven Tyler Laid Off From Aerosmith As Band's Jobless Rate Hits 20%

BOSTON—After years of relative stability, the Aerosmith unemployment rate soared to an all-time high of 20 percent Monday following the downsizing of the band's vocal sector, Steven Tyler.

The announcement of the largest-ever round of Aerosmith layoffs sent shock waves throughout the group, but band leaders said that four decades of perfect employment was "unrealistic" and that it was necessary to shed some of the graying, outmoded workforce.

"Explaining to a longtime Aerosmith employee that his or her job is being eliminated is one of the most difficult challenges we face in this business," Aerosmith manager Trudy Green said in a statement released this morning. "We thank Steven for his many years of loyal service, and wish him the best of luck in all his future endeavors."

Analysts speculate that the sector-wide layoff was a result of multiple factors, including redundancies in the singing-songwriting division, rising rehab fees that have cost the group millions, and a 34 percent decline in jump-kicks since 2003. In addition, some of Aerosmith's younger, more ambitious employees, such as Joe Perry, 57, are willing to sing and play an instrument at the same time, often for half the salary.