ByteDance VR Unit Pico CEO Announces Layoff and Blames it fo…

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BEIJING, November 10 (TMTPost)— Pico, TikTok parent ByteDance’s first attempt to explore the virtual reality (VR), has to scale back its business.Credit：Visual ChinaPico announced earlier this week about its plan of layoff and reorganization. “After a careful review of our business, the industry and the market condition, we had some basic judgments as follows: the VR industry is at very early stage,