The working title for the unscripted, hour-long series is "Someone's Gotta Go."
Each episode is expected to focus on a company that has fewer than 20 employees and is planning layoffs. The staff will be given access to the company's budgets, human resources files and employee salaries and told that who goes is up to them, the entertainment industry trade newspaper said.
An as-yet-unnamed business expert is to serve as host of the show and as a consultant to the companies featured on it.
No air date for "Someone's" has been announced.