Although Iger may have another plan in mind, we may not hear about it for a while. Investors have pressed Disney to adopt significant cost-cutting measures, and the company recently stated that it will lay off 7,000 people. According to TechCrunch, there will be three waves of layoffs, the first of which will take place this week. The metaverse crew might easily be one of the first to be affected by Disney’s massive reorganisation initiatives. Iger said in the memo acquired by TechCrunch that the business will issue a bigger batch of layoff notices in April and will tell the remaining impacted workers before the start of summer.
