Disney is preparing a round of layoffs and one of its divisions will be eliminated as part of them.
At issue is the “next-generation storytelling” division, a small group that worked on the initiatives of Disney in the metaverse.
The division was led by Mike White as of February 2022. The then CEO of DisneyBob Chapek outlined his role: “to create a new paradigm for how audiences experience and engage with our stories.
By now, Disney does not appear to have developed anything significant with the metaverse.
The entire team, which had about 50 members according to the. Wall Street Journal lost his job. Except Mike Whitewhose new role has not been specified. Disney.
Disney and a large number of layoffs.
Disney is under pressure from its investors, so it has planned to make cuts of 5.5 billion and lay off about 7,000 people.