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 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….
Read More: Disney Closes Metaverse Division, 50 Laid Off in Company-Wide Staff Reduction