Tag: Disney

Disney Scraps Its Metaverse Division

Disney Scraps Its Metaverse Division

Disney, the world's largest entertainment company, has reportedly shut down its metaverse division as part of a broader restructuring plan aimed at cutting operational costs by $5.5 billion and reducing its workforce by 7,000 employees within two months. On March 28, 2023, the Wall Street Journal reported that the closure ...

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