WASHINGTON (AP) - More than 300 teachers in the District of Columbia Public Schools have been told their jobs are being eliminated and they have until August to find other positions in the school system.

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School officials announced late Friday that notices were issued to 333 teachers. District schools follow an "excessing" process each year, saying it's necessary as school budgets and enrollments change.

The school system said it expects more than 60 percent of the teachers to find new placements. That means about 133 will likely lose their jobs.

Teachers have until Aug. 15 to find new placements. After that point, teachers with high performance ratings have a choice of a $25,000 buyout or a "grace year" when they will be placed at a school. Teachers with lower ratings are subject to firing.