Disney cuts metaverse division under Iger's restructuring
Publishing timestamp: 2023-03-28 10:48:27
Summary
Disney has cut its metaverse division as part of layoffs that will begin this week. The division was led by Mike White, who was previously in charge of Disney's consumer experiences and platforms. All 50 of the employees under White were let go, but White remains at the company. The cuts in the metaverse division were part of broader efforts to reduce corporate spending and boost free cash flow.
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Keywords: enterprise, technology, business news, mike white, bob iger, arts and entertainment, walt disney co, media, layoffs,