This is not possible. You can either hide the entire status area or keep it visible for your users. If you hide the entire status area, you can put your own buttons and other layout objects to take the place of those items in the status area that you wish to keep. You have the added advantage that you can use smaller buttons and this frees up some space for the rest of your layout.
Why do you want to hide this portion? there are a number of options available that can restrict a user's ability to interact with the layout menu and the view As buttons.