cutting 7,000 jobs to help eliminate $5.5 billion in costs. As part of the layoffs, Disney has terminated its metaverse division, according to the Wall Street Journal.
Also included in the layoffs is Jeffrey R. Epstein, a vice president of corporate communications for Disney and the man who spearheaded the official Disney fan club D23.In the first quarter of 2023, Disney’s direct-to-consumer segment saw revenue climb 13% year over year to $5.3 billion.
Read more on thewrap.com
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