# ๐“๐š๐ฅ๐ž๐ง๐ญ๐ž๐ ๐ƒ๐ข๐ฌ๐ง๐ž๐ฒ ๐„๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ž๐ž๐ฌ #๐จ๐ฉ๐ž๐ง๐ญ๐จ๐ฐ๐จ๐ซ๐ค ๐€๐Ÿ๐ญ๐ž๐ซ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ ๐€๐ง๐ง๐จ๐ฎ๐ง๐œ๐ž๐ฌ ๐‹๐š๐ฒ๐จ๐Ÿ๐Ÿ๐ฌ By [Priyanshu Vedwal](https://paragraph.com/@priyanshu-vedwal) ยท 2023-04-17 --- ๐Ÿ‘‰ Walt Disney Co has started its mass layoffs aimed at saving $5.5 billion in costs and making its streaming business profitable. ๐Ÿ‘‰ The layoffs represent about 3.6% of Disney's global workforce, with the entire metaverse team of around 50 employees being let go. ๐Ÿ‘‰ The team leader, Mike White, was spared from the layoffs. ๐Ÿ‘‰ Affected employees have taken to LinkedIn to look for new jobs and support their colleagues who have also been laid off. ๐Ÿ‘‰ Many talented Designers, Software Engineers, Product Managers, and Program Managers are now on the hunt for their next opportunity. --- *Originally published on [Priyanshu Vedwal](https://paragraph.com/@priyanshu-vedwal/UJK7JyvVcgPCOG8cDZ7V)*