ByteDance Issues Mass Layoffs as Pico Strategy Hits Roadblocks
XR Today - Virtual Reality
NOVEMBER 7, 2023
Tencent Technology News added, “In mid-October, there were rumors that PICO [had been] abandoned by ByteDance’s strategy. ” Acquisition Triggers Competition The news comes after ByteDance, the company behind the developments, bought out Pico Interactive in 2021 to compete with major manufacturers like Meta Platforms and HTC VIVE.
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