Friday, 10 November, 2023
Pico, ByteDance's Oculus Challenger, Restructures with Layoffs and Expansion Halt
Pico, ByteDance's contender in the virtual reality market against Oculus, undergoes a significant restructuring, laying off hundreds and pausing aggressive expansion plans. The move suggests a shift in strategy and potential challenges in the competitive VR landscape. As Pico adjusts its approach, industry watchers speculate on the impact this restructuring might have on the company's position in the rapidly evolving virtual reality market.