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\n\tEXCLUSIVE<\/strong>: Major layoffs<\/a> are underway Monday the Walt Disney<\/a> Company, with several hundred employees impacted globally, Deadline has learned. The bulk of them are across divisions of Disney Entertainment, including marketing for both film and television as well as television publicity, casting and development. Also affected are Disney\u2019s corporate financial operations.<\/p>\n \n\tAccording to sources, the size of the cuts on the film and TV side of Disney Entertainment is comparable. No teams are being eliminated. The majority of the Disney Entertainment Television staffers are said to be based in Los Angeles. Deadline will continue its coverage as more details about those impacted emerge during what is expected to be a tough day on the Disney campuses. (UPDATE: 1 PM<\/strong>: Names of TV development and casting executives affected by the layoffs have emerged<\/a>.)<\/p>\n \n\tThis is the fourth \u2014 and largest \u2014 round of layoffs in the past 10 months that has affected various Disney television operations. They are part of an ongoing cost-cutting process at the traditional media companies as they reshape their business to focus on streaming while facing economic headwinds. Disney\u2019s Bob Iger set the pace upon his return as CEO, establishing a goal of at least $7.5 billion in cost reductions at the start of 2023, with about 7,000 jobs eliminated that year.<\/p>\n \n\tIn early March<\/a>, just under 200 Disney employees were laid off, representing almost 6% of the workforce in the ABC News Group and Disney\u2019s entertainment networks, including Freeform and FX.<\/p>\n \n\tA big restructuring<\/a> last October involved the shutdown of ABC Signature, with its operations folded into 20th Television, and the consolidation of ABC and Hulu Originals scripted drama and comedy teams. It resulted in about 30 Disney Entertainment Television layoffs.<\/p>\n \n\tAnd last July, DET underwent a round of staff cuts<\/a> that impacted roughly 140 people, representing about 2% of the total workforce, 60 of them at National Geographic.<\/p>\n