Budget and personnel cuts at Nokia Technologies

Nokia Technologies will suffer some changes in plan and strategy, as the group revealed that there will be some cuts in budget and personnel

Nokia plans to sharpen the focus of Nokia Technologies on digital health, and accelerate growth in that market, while optimizing investments in virtual reality (VR). Nokia Technologies will also focus on growing brand and technology licensing.  In digital media, the slower-than-expected development of the VR market means that Nokia Technologies plans to reduce investments and focus more on technology licensing opportunities. The potential reductions are expected to affect up to 310 of the roughly 1090 employees in Nokia Technologies, mainly in Finland, the US and the UK.

- Mobile News Europe  -
13. 10. 2017