According to The Wall Street Journal, Disney has shut down its metaverse business and laid off all of the team’s 50 or so people as part of a larger reorganisation process. Former Disney CEO Bob Chapek appointed industry veteran Mike White to manage the team tasked with discovering engaging ways to deliver Disney’s tales utilising new technology a little over a year ago. Although the rest of the crew has been laid off, White will continue with the firm, but it is unknown what role he will play in the future.
