Disney has laid off its Metaverse team of fifty workers in a transfer geared toward streamlining its enterprise operations. The staff belonged to the Subsequent Era and Shopper Experiences division and was engaged on creating Disney’s metaverse initiatives.
Metaverse is a digital world that a number of customers share. It’s an immersive expertise that enables customers to work together with one another and the surroundings in actual time. The Metaverse staff at Disney was creating metaverse-enabling applied sciences akin to NFTs and blockchain-based shopper functions.
Nevertheless, the layoffs point out that Disney has shifted its focus from this undertaking. The transfer is a part of the corporate’s technique to streamline its operations and prioritize its assets. Nevertheless, it’s evident that Disney is reassessing its priorities and searching for methods to chop prices.
The layoffs come when Disney is present process important management modifications with the reappointment of CEO Bob Iger and experiencing main losses with its Disney Plus streaming service. Thus, these cuts come at a time when Disney needs to chop prices moderately than make investments closely in rising applied sciences such because the blockchain.