According to our friends over at AllHipHop.com, Jermaine Dupri has been laid off from his position as Head of Urban over at Island Def Jam:

AllHipHop.com has received an exclusive report that Atlanta-based producer Jermaine Dupri’s tenure as President of Island Records Urban Music has come to an end. A formal announcement of his departure from the position, which he has held for nearly two years, may come as early as this week. Speaking on condition of anonymity, a source close to the situation confirmed to AllHipHop.com that Dupri has in fact been terminated effective immediately.