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Will Ashworth

Disney Dumps Metaverse Aspirations. That Was an Easy Decision

Disney DIS metaverse ESPN Bob Iger Alphabet Other Bets Bob Chapek Chris Hohn Disney Entertainment

The Wall Street Journal reported Tuesday that part of Disney’s (DIS) 7,000 job cuts include 50 employees from its much-hyped metaverse-driven next-generation storytelling unit. According to the report, that’s virtually the entire metaverse operation.

Former CEO Bob Chapek promoted the unit as the “next great storytelling frontier.” Current CEO Bob Iger feels differently. While it’s never good to see job losses of any kind, the decision was easy.

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One subscription that gives you access to news from hundreds of sites

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