Nokia plans to cut up to 310 jobs, halt VR camera development
Nokia employed about 102,000 employees as of end-June.
Helsinki - Muslimchronicle
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.
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.
The unit will continue to focus on digital health and patent and brand licensing business, Nokia said.
“The slower-than-expected development of the VR market means that Nokia Technologies plans to reduce investments and focus more on technology licensing opportunities,” it said in a statement.
Nokia, whose main business is now telecoms network equipment, launched the camera last year as the first device for its digital media business, one of its new hopes for future growth.
It was designed for making 3D movies and games that can be watched and played with virtual reality headsets. Nokia cut the price of the camera by 25 percent to $45,000 later last year.
Source:Arabnews
GMT 00:35 2017 Friday ,27 October
Nokia loss widens on weak salesGMT 01:04 2017 Tuesday ,28 February
Nokia 3310 is back — and so is 'Snake'GMT 17:51 2017 Monday ,27 February
Iconic Nokia 3310 is backGMT 12:11 2017 Thursday ,02 February
Nokia reports 766 million euro loss in 2016
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 09:23 2017 Wednesday ,19 April
1105 food baskets distributed in Yemen
GMT 09:35 2018 Monday ,08 January
Trump marijuana policy reversal stokes fears
GMT 09:00 2017 Sunday ,12 February
Benkirane Rules USFP Out of Government Coalition’s Parties
GMT 11:09 2017 Saturday ,16 December
Russia poses risk to undersea cables: UK defense chief
GMT 09:56 2017 Thursday ,02 November
Digital subscriber gains rev up NY Times profit
GMT 01:38 2016 Thursday ,29 December
Iraqi President meets Kuwaiti Foreign Minister
GMT 19:08 2017 Friday ,07 April
Bulgarian President's Secretary Meets Qatar's Ambassador
GMT 15:51 2017 Thursday ,02 March
UK. State Minister for Security Meets Qatar's Ambassador
GMT 17:37 2017 Tuesday ,21 February
Le Pen refuses to wear veil, fails to meet with Mufti
GMT 12:01 2016 Sunday ,24 July
Solar Impulse 2 leaves Egypt for final leg of world tour
GMT 01:48 2016 Monday ,13 June
Pioneering solar pilots 'make sci-fi a reality'
GMT 18:45 2016 Wednesday ,21 December
Several Qaeda militants killed in drone strike
GMT 02:08 2014 Monday ,23 June
HCUA, MAA committed to achieving 'unification' in Mali
GMT 07:28 2018 Thursday ,11 January
As US freezes aid, Pakistan dismisses economic fears
GMT 11:14 2017 Sunday ,12 March
My video is flagrant but smashed the charts
GMT 09:21 2018 Wednesday ,10 January
unveils London boutique and appoints MG Empower
GMT 16:00 2017 Friday ,28 July
Aleppo district shows Assad’s delicate dance with Kurds
GMT 07:48 2018 Thursday ,04 January
L’Oréal Professionnel unveils Alexa
GMT 22:09 2016 Friday ,30 December
Full coordination with gov't on monetary, economic policies
GMT 07:41 2017 Saturday ,19 August
Brief tourism impact from Spain attacks
GMT 00:02 2017 Friday ,22 December
UK-Iranian prisoner could be released
GMT 21:53 2016 Tuesday ,14 June
Israeli tech second only to Silicon Valley
GMT 00:25 2017 Friday ,27 October
Ex-HSBC executive can face US extradition: UK court
GMT 07:44 2017 Wednesday ,20 September
Iran asks award-winning film-maker to report to prosecutor
GMT 10:34 2017 Saturday ,11 November
Politics free? Even country music awards poke Trump
GMT 07:51 2017 Sunday ,12 November
Saudi-led coalition to allow commercial flights to Yemen
GMT 20:27 2017 Tuesday ,06 June
Envoys wade in to help US waters despite Trump climate snub
GMT 07:59 2017 Sunday ,17 December
Embassy in London marks Accession, National Days
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
