Closure of Metaverse division attributed to Disney’s layoffs

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The layoffs at Disney also primarily affect the Metaverse division. In an attempt to explore this innovative area, Disney opened a department dedicated to next-generation entertainment, which has now been completely abolished.

According to The Wall Street Journal, the division employed about 50 employees. The goal was to explore new ways to spread the stories that made Disney great. Now, as the hatchet of layoffs prepares to cut 7,000 jobs, among the first to fall will be those who have worked on the metaverse.

This unit was created a few months ago, so it did not last long, and one wonders if the work has really begun at all. The department was led by Mike White, who had been with Disney for about ten years and started in the video game department. It seems that the layoffs did not affect White.

After what we’ve seen with Meta, Amazon and Google, even Disney needs to counteract the crisis with staff cuts and resource optimization. The uncertainty associated with the actual success of the metaverse makes this branch of development an expendable commodity for many companies. In short, the world economic situation requires us to stand firmly on our feet and postpone the virtual until more serene times.

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