Nokia made a decision to cut up to 310 jobs, stops VR camera development

Nokia made a decision to cut up to 310 jobs, stops VR camera development

Nokia made a decision to cut up to 310 jobs, stops VR camera development

Now, Nokia Technologies is pivoting from VR to digital health.

Nokia has confirmed that it is halting development plans of its OZO virtual reality camera and hardware, and consequently will axe up to 310 jobs from its Nokia Technologies unit.

While Microsoft did acquire Nokia's mobile arm a couple of years ago, the company has managed to live on in Finland, the United States and UK by working on other projects. In a statement, Nokia said it is suspending development of the OZO.

Nokia announced that it is refocusing Nokia Technologies to maximize its investment in digital health technology. Each camera sensor in the OZO is accompanied by an omnidirectional audio sensor, which enables it to capture volumetric sound along with the 180-degree stereoscopic video. Nokia released the OZO in early 2016, but it would seem the company's executive team had higher than realistic expectations for the VR market. 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.


Nokia unveiled OZO back in 2015, describing it as the world's best virtual reality camera. The cuts are in its Nokia Technologies division, which has just over 1,000 employees.

Finnish tech firm Nokia is cutting up to 190 jobs in Finland.

The news comes less than a month after Nokia said it planned to cut nearly 600 jobs in France. Nokia has cut the price of the virtual reality camera by 25 percent to $45,000 later this year.

"The slower development of the virtual reality market means that Nokia has chose to reduce investments and focus more on technology licensing opportunities", it said in a statement.

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