This image was lost some time after publication.

We hear that the long-awaited Miramax layoffs finally began this morning, with the beheadings starting in the NY publicity office. NY readers: Keep your eyes peeled for people lugging cardboard boxes around Tribeca, drinking a little earlier in the day than normal, and comparing odd scars through tears of joy. Developing...

UPDATE: So far, we hear that mid-level marketing and publicity heads have rolled. More as info becomes available!

UPDATE:: It's all official now, with a smaller number of cuts than expected.