According to reports, Pico, the virtual reality headset company owned by TikTok's parent company, has laid off hundreds of employees. - Gizmodo
TikTok Owner's VR Headset Company Pico Lays Off Hundreds of Staff: Report
ByteDance, the Chinese company that owns TikTok and Pico (a major VR maker), has started reevaluating its VR headset business. It appears that the optimistic predictions of virtual reality dominating the world were too ambitious. For more information, please visit the full story at Gizmodo.
Source: https://gizmodo.com/tiktok-pico-vr-headset-layoffs-bytedance-1850998490