Original story: Disney Entertainment Television is undergoing a new round of layoffs impacting roughly 140 staffers, TheWrap has learned.

Hundreds of Walt Disney Co., employees, in television, film and corporate financial operations, were notified Monday that their jobs are being cut amid declining TV ratings and revenue.

Layoffs are underway at the Walt Disney Company on Monday, with several hundred employees impacted globally. The bulk are at Disney Entertainment.

Disney did not confirm the exact number of employees being dismissed, but indicated the cuts will be across several of the entertainment giant's units, including film and television marketing; TV ...

The layoffs, which hit hundreds of workers in television, film and corporate finance, come three months after the company shed 200 workers in TV.

Walt Disney Co. is planning a fresh round of job cuts in its TV division, part of an effort to reduce costs in a shrinking part of its business, according to people with knowledge of the matter.

Walt Disney plans to eliminate some jobs in its TV unit to cut costs in an eroding business, Bloomberg News reported on Wednesday, citing people familiar with the matter.