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Report: TikTok Parent Lays Off Hundreds at VR Subsidiary Pico Interactive, Tencent Scraps VR Plans

Road to VR

TikTok parent company ByteDance is reportedly laying off what South China Morning Post maintains will be “hundreds of employees” working at its VR headset manufacturing subsidiary, Pico Interactive. Shortly afterwards, the China-based company then released its latest standalone headset, Pico 4, in Europe and Asia to consumers.

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