Pico, a virtual reality (VR) headset manufacturer owned by ByteDance, is implementing a new round of job cuts as part of a restructuring process. This comes as the company's sales in mainland China and overseas markets have been underperforming this year. Pico's founder and CEO, Henry Zhou Hongwei, informed employees that the company had overestimated the growth of the VR headset market, leading to the need for staff reductions. The mobile operating system team at Pico will be integrated into ByteDance's product development group, where they will concentrate on research in core technologies and other hardware.
Earlier this year, Pico had already carried out a round of layoffs that affected hundreds of employees, with some teams being reduced by as much as 30 per cent. This latest restructuring effort by Pico highlights another sluggish year for the global shipments of augmented reality (AR) and VR headsets. According to a report by tech research firm IDC, global AR and VR headset shipments have declined for the fourth consecutive quarter, with volumes falling 44. 6 per cent year on year. The global economic downturn has suppressed demand, while a price increase on the popular Quest 2 headset, developed by Meta Platforms' Reality Labs, has further stunted growth in this market.
In a statement released on Tuesday, Pico did not comment on the job cuts but indicated that the company will continue to sell its flagship Pico 4 headset and provide services to consumers amid its restructuring initiative. Pico, which was acquired by Beijing-based ByteDance in 2021, launched its Pico 4 headset in 2022. At the time of the Pico 4's launch, Zhou told Chinese media that the company anticipated selling more than 1 million units of the headset. However, Pico's struggles contrast with Apple's build-up for its Vision Pro mixed-reality headset, which is expected to go on sale in the US early next year.
AI驅動英語學習平台
VocabSphere 是一個創新的英語學習平台,提供針對不同熟練程度量身定制的適應性文章。我們的AI驅動系統通過引人入勝的真實內容,幫助學習者提高詞彙、閱讀理解和語言技能。
通過閱讀像這樣的文章,學習者可以擴展詞彙量,提高閱讀速度,並增強理解複雜英語文本的信心。每篇文章都經過精心策劃和調整,為各個級別的學生提供最佳的學習體驗。
"The boss of Pico, Henry Zhou Hongwei, told the workers that they had been too hopeful about how many headsets they would sell."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
"The global economy is not doing well, which means people are not buying as many headsets."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
只有 iOS 或 Android 應用程式才能為您提供 VocabSphere 的全面功能,如遺忘曲線詞彙書、練習生成和個人學習進度監控。
立即下載,體驗完整的學習功能!
提升您的英語學習體驗
定制的文章和新聞以匹配學生的英語水平。獲取即時詞語翻譯、同義詞。輕鬆擴充詞彙。
VocabSphere運用遺忘曲線原理,幫助您高效記憶單詞。全面掌握每個詞語。您的個性化詞彙庫,隨時隨地可用。
從您的詞彙庫中創建自定義語法練習。練習不同詞性和句型。教師更可以生成和閱讀理解測驗和練習。