In the apparent growing disenchantment with the Metaverse, news that Disney is in the process of laying off 7,000 staff in an attempt to control costs and develop what CEO Bob Iger pathetically calls a “streamlined” business. “Streamlined” being corporate verbal diarrhea for “You’re under the bus, mate.” The cuts include its metaverse team, with its 50-strong headcount being let go. Disney began developing its Metaverse strategy in mid-2022, including NFT bullshit, so that didn’t last long, did it?
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