Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar with the matter said on Monday. The layoffs affect multiple teams around the world,

Walt Disney Co. is laying off hundreds of employees as part of a cost-cutting measure, CBS News has confirmed. "As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fueling the state-of-the-art creativity and innovation that consumers value and expect from Disney,

Walt Disney Co. is laying off several hundred employees across its film and TV businesses, cuts that underscore the tough times in Hollywood are far from over.