Nokia halts Ozo camera development; plans to cut jobs

Nokia plans to reduce up to 310 jobs from its Nokia Technologies unit and halt development of its virtual reality camera " OZO " and hardware, the Finnish company said on Tuesday.
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The unit has about 1,090 employees and the potential cuts are expected to affect staff in Finland , the United States and Britain. Nokia employed about 102,000 employees as of end-June.
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The unit will continue to focus on digital health and patent and brand licensing business, Nokia said.