Disney Fires Metaverse Team

While the layoffs in giant companies continued rapidly, surprising news came from Disney today. In a few weeks the company’s total It will lay off 7000 employees had been shared.

According to new news reported by The Wall Street Journal, The layoffs have already begun. Moreover, one of the first teams to be targeted in the layoffs was Disney’s metaverse department, which it dreamed of.

The entire Metaverse team has been laid off!

Former Disney CEO Bob Chapek, who left his seat to Bob Iger in November 2022, described the metaverse as “next generation storytelling”. Company, “Next Generation Storytelling and Consumer Experiences”, a team focused on the metaverse.

But the adventure of the metaverse team did not last long. According to the information obtained by the Wall Street Journal from company sources, all employees in the team were laid off. Although the exact number of employees is not known, close to 50 it has been reported.

On the other hand, it was announced that Mike White, the head of the metaverse team, will continue to take part in Disney +.

So, has Disney given up hope on the metaverse?

Recent events such as the change of the CEO, the disbandment of the metaverse team are the answers to this question. Although it indicates ‘yes’ There is no definitive explanation yet. The decision isn’t about new CEO Bob Iger, either. He is even known as a name prone to the future of the metaverse.

Igor launched ‘Genies Inc.’ last year, which will allow users to create their own online avatars in metaverse apps. He invested in the company and joined the company’s board of directors.

Of course, the personal interests of CEOs cannot be an explanation for the future of the company. Although Disney made these layoffs to reduce costs, choosing the metaverse team in the first place, there is no future in the project at the moment can mean.