Disney eliminating Metaverse unit as layoffs begin ...Middle East

Disney is eliminating its metaverse unit as part of its plan to lay off 7,000 workers that will save the company billions of dollars, a source familiar with the situation told The Hill.  The Wall Street Journal first reported the plan to cut the division responsible for developing metaverse strategies, citing people familiar. The source confirmed the Journal’s reporting to The Hill.  The people told the Journal that the division was charged with finding methods to tell interactive stories with new technologies using the company’s intellectual property library. The division had about 50 employees, all of whom were laid off.  The division’s leader, Mike White, is staying at the com

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