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Disney's metaverse unit included roughly 50 employees who were all laid off in recent cuts at the company. Paul Hennessy/SOPA Images/LightRocket via Getty Images Disney laid off its entire metaverse team, which included around 50 people, in recent cuts. It's the latest firm to abandon its metaverse ambitions, despite assembling a team just a year ago.

Welcome back, readers. I'm Paayal Zaveri, a reporter with Insider's Tech Analysis team, filling in for my colleague Diamond Naga Siu this week. One thing I keep thinking about: what's going to happen to TikTok? After TikTok's CEO Shou Zi Chew testified in front of Congress last week, it seems like the stakes are even higher for the social media app.

Happy Tuesday, readers. I'm Phil Rosen. I'm a day late, but did you see the new episode of Succession? Phew. I've already got my popcorn ready for this Sunday. In other high-stakes drama, US regulators just sued Binance, the world's largest cryptocurrency exchange. But it's not just Binance. The CFTC's move marks just the latest in a string of regulatory actions in the space.

Antigua wants to quickly auction off an 'abandoned' superyacht linked to a Russian oligarch after it ran up a $500,000 bill for fuel and food. VWPICS/Nano Calvo/Universal Images Group/Getty Images The Antigua and Barbuda government has declared the Alfa Nero super yacht abandoned. It will be sold unless it's removed, according to an official notice last Tuesday. Authorities intend to use the money to pay down a $500,000 fuel bill owed to the Antigua Yacht Club Marina. The Antigua and Barbuda government wants the $81 million Alfa Nero superyacht linked to Russian oligarch Andrey Guryev out of its harbor.

Irish workers are being given six weeks severance per year of service, the Sunday Times reported. View Pictures/Getty Images Google could offer severance packages worth $320,000 to some workers being laid off in Ireland. That's according to the Sunday Times, which says employees are being offered six weeks severance per year worked. The tech giant is laying off 240 employees in Ireland across sales, tech, and support services.

Employees want to feel valued and appreciated at work. But bosses are bad at giving praise. Robyn Phelps/InsiderBosses have forgotten how to say "good job" — and it's driving employees to quitWhen was the last time your boss told you "good job" and really meant it? If you're like many American workers, your answer is probably "not recently." According to a Gallup survey of more than 15,000 Americans workers, just 32% of people felt engaged in their jobs at the end of 2022, and the number of workers who reported being actively disengaged climbed during the pandemic.