Disney Closes Metaverse Division, 50 Laid Off in Company-Wide Staff Reduction
Disney has pulled the plug on its metaverse division, eliminating the entire team of 50 people tasked with exploring ways to tell interactive stories in new technological formats. According to a Monday report by the Wall...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a Monday report by the Wall Street Journal, the layoff is part of a broader restructuring plan that will see Disney dismiss 7,000 staff over the next two months in a bid to reduce operating costs by $5.5 billion....
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