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.

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,

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