The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights Summary Companies Pico to cut jobs with 'hundreds' of staff to be affected-sources ByteDance has pared back efforts to develop Pico brand-sources Multiple senior managers have left Pico this year-source HONG KONG, Nov 7 (Reuters) - ByteDance's virtual reality (VR) arm Pico will cut jobs and undertake the biggest overhaul since it was acquired by the TikTok maker two years ago as global demand for VR headsets hits a trough, three people with direct knowledge of the matter said....