{"title": "ByteDance reconsiders the strategic positioning of VR business PICO", "body": "According to The Paper, ByteDance is reconsidering the strategic positioning of its virtual reality (VR) business PICO. Recently, several core business leaders of PICO have resigned and transferred positions. In the first half of this year, Ren Lifeng, vice president of PICO, has actually resigned and has not been responsible for the business management of PICO for a long time, but he is still on duty in the company. According to people familiar with the matter, Ren Lifeng will officially resign at the end of this year. Internal employees said that the number of employees at PICO during its peak period exceeded 2,000, and the overall number of employees who resigned is close to half of the peak period, of which about 2/3 of the employees in the marketing department resigned, and the turnover rate in the technical department was slightly lower."}

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