|Day's range||0.7900 - 0.8700|
On the surface, what happens with cryptocurrency The Sandbox (CRYPTO: SAND) has very little to do with events in corporate entertainment. An article published Tuesday morning in The Wall Street Journal said that included among Disney's current round of layoffs is the unit responsible for developing metaverse strategies. Citing unnamed "people familiar with the situation," the financial newspaper wrote that the metaverse employees are among the roughly 7,000 Disney workers who are being given pink slips.
Walt Disney (DIS) closed the most recent trading day at $94.82, moving -0.84% from the previous trading session.
The pink slips are starting to trickle down at Walt Disney (NYSE: DIS) this week. The Wall Street Journal is reporting that the company has disbanded its metaverse strategies unit, a roughly 50-person task force tackling next-gen storytelling and consumer experiences. Disney is expected to eliminate around 7,000 positions in the next couple of months.