“After a careful review of our business, the industry and the market condition, we had some basic judgments as follows: the VR industry is at very early stage, and we previously were relatively more optimistic about the outlook of the industry and market, but the actual d
ByteDance VR Unit Pico CEO Announces Layoff and Blames it for Overly Optimistic Industry Outlook
Nov 13, 2023, 2:29 a.m. ET
Pico announced earlier this week about its plan of layoff and reorganization. evelopment is not as fast as we expected,” the CEO Zhou Hongwei said at an internal meeting.
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