cryptonews: Disney is abandoning its ambitions for the metaverse as the entertainment giant prepares to slash 7,000 jobs in the next two months. 👀
The newspaper's report suggests about 50 people are leaving the company — but Mike White, the executive who was leading the division, is expected to be redeployed.
The metaverse team are involved in the first wave of job cuts — with a second, larger round of redundancies set to be confirmed next month. Horizon Worlds has also suffered nasty setbacks, with reports suggesting that the platform was placed on "quality lockdown" — and even its own developers weren't using it.
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