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    Sonal Shridhar Shinde in News

    17-Feb-2023 10:18 AM


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    VR Firm Pico, Owned By TikTok Parent ByteDance, Announces 'Small' Layoffs

    Pico, a virtual reality (VR) headset manufacturer owned by TikTok's Chinese developer ByteDance, said on Friday it was laying off a small number of people, after local media reported the start of hundreds of redundancies earlier this week.
    The South China Morning Post reported unidentified sources on Thursday as saying Pico had trimmed some teams by as much as 30%.
    "We greatly appreciate these colleagues' contributions and are working closely with those impacted to support them through this time of change."
    Over 200 employees were affected, a person familiar with the matter told Reuters.
    Source: NDTV
    #ByteDance