Nokia axes OZO VR camera development

Nokia axes OZO VR camera development

Nokia axes OZO VR camera development

However, the company also wants to develop its digital health business with help from Withings, the activity tracker and health-monitoring device company that it acquired past year for €170 million.

Nokia will also stop development of Ozo, a 360-degree VR camera.

Aside from the job cuts, the biggest casualty is the Ozo virtual reality camera.

Further details are awaited.

Nadal conquers frustrated Kyrgios to win 75th career title
The world-ranked 19 Kyrgios displayed his best side in forcing Nadal to 2-2 in the first set, but his other side soon emerged.

Williams set to make National Football League debut vs. Raiders
Prior to Darkwa's score, the Giants got a safety when Chargers center Spencer Pulley snapped the ball before Rivers was ready. NY ranks third-to-last in the league with 3.2 yards per carry, and will be without running back Paul Perkins (ribs) today.

ICE Director: Arrests Coming To California Neighborhoods, Workplaces
Meanwhile a number of legal challenges - both for and against sanctuary cities - are making their way through the federal courts. Last month, US Attorney General Jeff Sessions publicly urged Brown to veto the bill, calling it " unconscionable ".

The unit will continue to focus on digital health and patent and brand licensing business, Nokia said.

Nokia has reiterated its commitment to fully leverage its digital health portfolio that it acquired through the purchase of Withings previous year. Namely, a market retreat, impacting up to 310 employees based in Finland, the United States and the UK, which will soon be given the pink slip.

Having seen its dominance of the mobile phone market shrink to nothing in the wake of smartphones from Samsung and Apple, Nokia in 2015 pivoted to the nascent VR market. That would include studios such as Disney, which had a multiyear agreement to use the Nokia cameras for VR. Some of those who lose jobs may find roles at Varjo, a company set up by former Microsoft and Nokia employees and who are now working on developing high-density VR displays. Currently, the unit has about 1,090 employees and the layoffs literally translate to 30 percent cut down to the workforce. To start the process, Nokia today has invited employee representatives of Nokia Technologies in Finland to cooperation negotiations. Lee, who previously served as Samsung North America's CEO, was hired just four months back as Nokia's new global president.

Related news

[an error occurred while processing the directive]