No More Metaverse? Disney Restructuring Affects 7000 By DailyCoin
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No More Metaverse? Disney Restructuring Affects 7000
- Disney will lay off 7000 employees as part of its restructuring plans.
- The entertainment giant has shuttered its metaverse division
- Disney could still return to the metaverse.
Despite many considering 2023 as the year metaverse projects propel, the sector continues to claim major victims â the latest being Disney. The globally recognized brand is backtracking from its anticipated web3 storytelling experience as it cuts costs amid difficult times.
Cutting Corners
On Tuesday, March 28, Disney announced that it is laying off 7000 employees over the next two months. The proposed firing round would help the entertainment giant cut operating costs by $5.5 billion.
Disney’s 50-member metaverse strategy team was also a part of the affectees. The Magic Kingdom sought to use web3 technology to “create an entirely new paradigm” for…
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No More Metaverse? Disney Restructuring Affects 7000
- Disney will lay off 7000 employees as part of its restructuring plans.
- The entertainment giant has shuttered its metaverse division
- Disney could still return to the metaverse.
Despite many considering 2023 as the year metaverse projects propel, the sector continues to claim major victims â the latest being Disney. The globally recognized brand is backtracking from its anticipated web3 storytelling experience as it cuts costs amid difficult times.
Cutting Corners
On Tuesday, March 28, Disney announced that it is laying off 7000 employees over the next two months. The proposed firing round would help the entertainment giant cut operating costs by $5.5 billion.
Disney’s 50-member metaverse strategy team was also a part of the affectees. The Magic Kingdom sought to use web3 technology to “create an entirely new paradigm” for…
Continue Reading on DailyCoin
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