ORANGE COUNTY, Florida - March 10, 2009 - Sources inside Disney World say there are massive layoffs going on at Central Florida's number one employer.

Employees at the theme park tell us the number of people let go in recent weeks is in the hundreds. However, Disney would not confirm the layoff numbers, saying only that those figures are speculative.

One man told us his friend was among those recently laid off from managerial positions.

"Disney is pretty much what brings tourism here and if people are laid off, that means there are not a lot of people coming into town right now," said John Carol, friend of a Disney employee.

In February, Disney said a major reorganization of the company would lead to some job cuts. Disney will not say how many Central Florida employees will be affected.