The decision to restructure the workforce at Pico marks a considerable shift since ByteDance acquired the company, which was valued at over a billion dollars during the deal.

In parallel, Meta has revealed plans to reduce its workforce within its Reality Labs division, which encompasses around 600 employees focused on creating specialized chips for Meta’s devices, enhancing their functionality and efficiency in a crowded AR/VR marketplace. ByteDance —- Pico has revealed plans to reduce its workforce Despite this year’s downturn in VR sales and a drop in AR and VR headset shipments reported over the last four quarters, Pico continues to expand its presence, both in local and international markets.

Within the Chinese market, Pico has established itself as the leading VR manufacturer in terms of overall shipments and ranks as the second largest worldwide, just trailing behind Meta. TikTok two years ago.

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Alisa, a passionate journalist at Cryptocurrencylistings, focuses on areas including cryptocurrency, zero-knowledge proofs, investment trends, and the broader Web3 landscape. With an insight for spotting emerging developments, she offers detailed analyses to engage and inform audiences in the dynamic field of digital finance. Quest line of VR headsets Blum proudly celebrates its first year milestone, showcasing its accolades as ‘Best GameFi App’ and ‘Best Trading App’ during the 2025 Blockchain Forum.

Layoffs Gripping The VR Domain

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