Stefan Mileschin

Disney has shut down its metaverse division and laid off all of the team's 50 or so members as part of a broader restructuring process, according to The Wall Street Journal. It was just over a year ago when former Disney CEO Bob Chapek tapped company veteran Mike White to lead the team in its task of finding interactive ways to tell Disney's stories using new technologies. While the rest of team has lost their jobs, White will remain at the company, though it's unclear what role he's taking on going forward.

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