As layoffs at giant corporations continued at a rapid pace, some surprising news came from Disney today. In a few weeks the total of the company It will lay off 7,000 workers had been shared.

According to new news reported by The Wall Street Journal, The layoffs have already started. In addition, one of the first teams to be targeted by the layoffs was Disney’s metaverse division, which it dreamed of.

The entire Metaverse team has been fired!

Former Disney CEO Bob Chapek, who left his seat to Bob Iger in November 2022, described the metaverse as “next generation storytelling”. Company, “Storytelling and next-generation consumer experiencesone team focused on the metaverse.

But the metaverse team’s adventure didn’t last long. According to information obtained from company sources by the Wall Street Journal, all employees on the team have been laid off. Although the exact number of employees is not known, almost 50 it has been reported.

On the other hand, it was announced that Mike White, the head of the metaverse team, will continue to participate in Disney +.

So, has Disney given up hope on the metaverse?

Recent events like the CEO change, the disbandment of the metaverse team are the answers to this question. Although it says ‘yes’ There is no definitive statement yet. Nor is the decision about new CEO Bob Iger. He’s even known as a name amenable to the future of the metaverse.

Last year, Igor launched “Genies Inc.”, which allows users to create their own online avatars in metaverse apps. He invested in the company and joined the company’s board of directors.

Of course, CEOs’ personal interests cannot account for the company’s future. While Disney made these layoffs to cut costs, it chose the metaverse team in the first place, there is currently no future in the project can mean.