Will some of the pixie dust blow away over the coming weeks as the Walt Disney Co. begins to lay off 7,000 employees? The company's CEO, Bob Iger, reportedly said in an internal memo Monday the company would notify employees in three rounds,

Disney is cutting its metaverse division as part of the layoffs set to begin this week, CNBC has confirmed. Disney, like most companies in 2021, hopped on the metaverse hype train

Walt Disney Co.'s metaverse unit has reportedly been axed, according to a report published on Tuesday by the Wall Street Journal. Approximately 50 employees were affected.

Disney is shutting down its next-generation storytelling and consumer-experiences unit as part of a plan to slash 7,000 jobs.

Bob Chapek’s metaverse dream is dead at Disney. The entertainment giant shuttered its nascent metaverse division as part of Monday’s layoffs, The Hollywood Reporter has confirmed. This week’s layoffs are the first round of cuts from CEO Bob Iger as he seeks to streamline the entertainment giant.