ByteDance-owned VR firm Pico announces 'small' layoffs

ByteDance-owned VR firm Pico announces 'small' layoffs

FILE PHOTO: The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

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.