Disney reportedly eliminates metaverse division in first round of layoffs

About Me

Latinos MediaSyndication

The Latinos del Mundo Media Syndication profile.

Disney reportedly eliminates metaverse division in first round of layoffs

Posted by - Latinos MediaSyndication -

on - March 28, 2023 -

Filed in - Technology -

248 Views - 0 Comments - 0 Likes - 0 Reviews

Illustration by Alex Castro / The Verge

Disney’s next generation storytelling and consumer experiences division, which had been exploring how the company could enter the so-called metaverse, has been eliminated according to The Wall Street Journal. The team is thought to have been made up of around 50 employees, and was exploring how Disney could use its existing intellectual property in what former CEO Bob Chapek called “the next great storytelling frontier.”

The team has reportedly been axed in the first of a planned three rounds of layoffs at Disney. A total of 7,000 employees are expected to be made redundant across the company, helping it cut around $5.5 billion in costs. Rumors of layoffs began to swirl shortly after Bob Iger replaced Bob Chapek as Disney CEO last...

Read Full News Here

Pinterest More Stuff

Photos

Photos

0 albums found

Related News

Disney reportedly eliminates metaverse division in first round of layoffs

Photos