According to an article in the Wall Street Journal, in 2022, the Walt Disney Company hired 50 people for a new division of the company to develop metaverse strategies—“finding ways to tell interactive stories in new technological formats using Disney’s extensive library of intellectual property.” In March 2023, Disney CEO Bob Iger decided to eliminate the division and lay off all 50 employees. The article noted that “slow growth in the popularity of the metaverse has frustrated tech companies that have bet on new entertainment formats.” Would this decline in employment at Disney be classified as frictional unemployment, structural unemployment, cyclical unemployment, or some combination of these? Briefly explain your reasoning.