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Nokia will lay off 310 employees and focus on patents and health

Finest recognized for sturdy telephones with lengthy battery life, Nokia has introduced that it will be making a number of adjustments to scale back prices. The OZO digital actuality digicam will be the primary of the anticipated cuts. Patent licensing and health merchandise will obtain larger precedence for Nokia and as much as 310 employees could also be laid off.

There are at present 1090 employees at Nokia Applied sciences, making the lay offs account for nearly 35% of the division. Finland, United States, and United Kingdom employees will account for almost all of the reductions in workers.

“Nokia Applied sciences is at a degree the place, with the best focus and investments, we are able to meaningfully develop our footprint within the digital health market, and we should seize that chance,” states Gregory Lee, president of Nokia Applied sciences. Lee affirms that Nokia stays “dedicated to offering the wanted assist to these affected.”

Digital actuality remains to be a rising business, simply not rising quick sufficient for Nokia. As a substitute of working on VR cameras, digital health merchandise reminiscent of health trackers, blood stress displays, and good scales will be a focus. Nokia acquired Withings for $200 million a 12 months and a half in the past to enter the digital health enterprise. Withings constructed the aforementioned merchandise however has since been rebranded underneath the Nokia identify.

Along with patent licensing and health-related merchandise, Nokia Applied sciences will proceed to develop 5G and Web of Issues applied sciences.

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