
Disney's Layoffs: 7000 Jobs Cut and Metaverse Division Shut Down.
Disney has shut down its metaverse division and laid off around 50 staff from its Next Generation Storytelling & Consumer Experiences unit. The company is expected to lay off a total of 7,000 employees this year as part of its cost reduction strategy. A second round of layoffs is expected next month, and a final one in the summer.
