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Disney closes metaverse division

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Disney is preparing a series of layoffs in which one of its divisions will be liquidated.

It’s a division of New Generation Narratives, a small group that worked on initiatives Disney in that metaverse.

The division has been led by Mike White since February 2022. The then CEO DisneyBob Chapek defined his role as “creating a new paradigm for how viewers perceive and interact with our stories.”

At this stage, Disney seems to be nothing significant metaverse.

The entire team, which consisted of about 50 people Wall Street Journal He lost his job. Except Mike Whitewhose new role is not specified in Disney.

Disney and many layoffs

Disney He is under pressure from his investors, so he plans to cut 5.5 billion and lay off about 7,000 people.

Source: RPP

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