Nokia announced plans to sharpen the focus of Nokia Technologies on digital health while optimizing investments in virtual reality (VR).
Nokia Technologies will also focus “on growing brand and technology licensing while leaving its successful patent licensing business untouched.”
Nokia said the shift deepens its commitment to fully leverage its digital health portfolio acquired through the purchase of Withings in 2016.
“Nokia Technologies is at a point where, with the right focus and investments, we can meaningfully grow our footprint in the digital health market, and we must seize that opportunity,” said Gregory Lee, president of Nokia Technologies.
“While necessary, the changes will also affect our employees, and as a responsible company we are committed to providing the needed support to those affected.”