Nokia cuts staff by about 30%, close the project and refuses Ozo direction VR
Nokia issued a press release in which it stated that the company decided to focus on the segment of «digital health» (digital health), while «to optimize the cost of your virtual reality device».
We will remind, in 2016 Nokia has purchased start-up Withings, which specializiruetsya on devices for health monitoring, that is, various scales, fitness trackers, blood pressure monitors, thermometers and intelligent surveillance cameras. Nokia now intends to actively develop this direction, as «the market of virtual reality is not developing as fast as expected.» The company also will pay more attention to licensing its patents and technologies.
With regard to the direction of virtual reality and panoramic video, Nokia reduces the corresponding costs, and also stops further development of new versions of Nokia camera OZO and other hardware solutions VR.
This should result in a reduction of about one third of the staff of the company, their jobs will lose 310 of 1090 employees in Finland, USA and UK.