HomeBusinessVR firm Pico, owned by Chinese TikTok maker ByteDance, announces ‘small’ layoffsFILE PHOTO: ByteDance logo is seen in this illustration Estimated read time 1 min read FILE PHOTO: ByteDance logo is seen in this illustration FILE PHOTO: The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration