Disney is cutting hundreds of employees across several TV and film teams as the company focuses on expanding its streaming services.

Employees in the marketing for film and television, as well as TV publicity , casting and development, and corporate financial operations will be impacted by the cuts, a spokesperson for Disney told FOX Business.

The spokesperson said the company will continue to evaluate ways to efficiently manage the businesses "while fueling the state-of-the-art creativity and innovation."

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The layoffs announced on Monday are part of its ongoing work to find opportunities to operate more efficiently. However, the spokesperson said the company has been surgical in its approach to

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