👉 Walt Disney Co has started its mass layoffs aimed at saving $5.5 billion in costs and making its streaming business profitable.

👉 The layoffs represent about 3.6% of Disney's global workforce, with the entire metaverse team of around 50 employees being let go.

👉 The team leader, Mike White, was spared from the layoffs.

👉 Affected employees have taken to LinkedIn to look for new jobs and support their colleagues who have also been laid off.

👉 Many talented Designers, Software Engineers, Product Managers, and Program Managers are now on the hunt for their next opportunity.