According to reports coming from the WSJ, the metaverse unit of DIsney was wholly disintegrated in the latest round of layoffs that CEO Bob Iger announced on March 27.
The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs the company is executing as a cost-cutting measure.Disney, the well-known entertainment behemoth, seems to have lost interest in the metaverse.
sent to employees, Iger justified this move stating that it was “part of a strategic realignment of the company, including important cost-saving measures necessary for creating a more effective, coordinated, and streamlined approach to our business.”to lead the now-defunct unit back in 2022 by former Disney CEO Bob Chapek, was the only that evaded the axe, with all of the 50 employees of the metaverse unit being laid off. The future for White at the organization remains uncertain at the moment.
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