Dream Crashing: Disney Lays Off Metaverse Team Amid Budget Cuts
• Disney recently laid off its metaverse team as part of a company-wide staff reduction. • The conglomerate had initially jumped on the Web3 bandwagon, but is now questioning the continued value of Web3. • The entire metaverse team, other than Mike White, has been let go due to budget cuts and broader restructuring. Disney Lays Off Metaverse Team Disney has recently laid off its metaverse team as a part of its company-wide staff reduction initiative. This move follows after
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