Disney Cancels Metaverse & Prime Program Plans While Laying Off 7,000 Employees


Disney Cancels Metaverse & Prime Program Plans While Laying Off 7,000 Employees

On September 30th Disney announced they were canceling their Metaverse and Prime programs while laying off 7,000 employees. This unfortunate news was especially felt by the employees who lost their jobs and those who had been looking forward to the exciting virtual and streaming options that the programs promised.

What Were Metaverse and Prime Programs?

The Metaverse program was Disney’s plan to create a virtual world in which games and stories could be interacted with. Characters and events could be truly experienced like never before, giving fans a more immersive experience. The Prime program was more focused on streaming and providing exclusive content to those who signed up.

Reasons Behind the Cancellation

It’s not clear why the Metaverse and Prime programs were cancelled, but Disney had to make a tough choice due to the economic strains of the pandemic. As the entertainment giant put it, they felt the need to “realign its business to successfully navigate the challenging economic environment”.

Positive Steps Going Forward

This is not to say that Disney has abandoned its efforts to create an exciting digital experience for its fans. They’ve pledged to redirect their employees to other areas so their talents can be utilized. They’re also committed to providing their employees with job search and related assistance.

Final Thoughts

The news of the cancellation of the Metaverse and Prime programs as well as the job losses has been met with concern and understanding from the public. It’s been a difficult year for many, and it’s important to recognize that businesses have had to make hard decisions in order to stay afloat. Despite this setback, Disney is still a leader in entertainment and technological advancement.

Key Takeaways:

  • Disney recently announced the cancellation of their Metaverse and Prime programs while laying off 7,000 employees.
  • The reasons behind the cancellation are unknown, but likely due to the economic strains of the pandemic.
  • Disney has pledged to redirect their employees to other areas and provide job search assistance.
  • The news has been met with concern and understanding from the public.
  • Disney is still a leader in entertainment and technological advancement despite this setback.

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