VR Firm Pico, Owned By TikTok Parent ByteDance, Announces 'Small' Layoffs
NDTV
The South China Morning Post reported unidentified sources on Thursday as saying Pico had trimmed some teams by as much as 30%.
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%.
"While we continue to hire as a business globally, we are streamlining our team and, as a result, parting ways with a small number of colleagues," a Pico spokesperson said in a statement.
"We greatly appreciate these colleagues' contributions and are working closely with those impacted to support them through this time of change."
