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News: General

Amid Slow Market Growth, Nokia Kills VR Division

Thursday, October 12, 2017   (0 Comments)
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From Variety:

Nokia is killing off its OZO virtual-reality camera and hardware product line, as the company doesn’t see VR taking off anytime soon.

With the shutdown of the OZO business, Nokia Technologies will cut 28% of its workforce. The company expects to lay off up to 310 of the 1,090 employees in Nokia Technologies, mainly in Finland, the U.S. and the U.K.

Nokia cited the “slower-than-expected development of the VR market” as leading to its decision...

- Read the full article at Variety.com


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