Nokia created the Ozo spherical camera to get into the virtual reality market without having to compete with head-mounted devices like the Oculus Rift. Alas, things didn't go as well as the company wanted despite not having to compete with a plethora of VR goggles -- it's halting Ozo's development and cutting up to 310 jobs in the process. Nokia said the "the slower-than-expected development of the VR market" forced it to optimize its investments in virtual reality, and the rig happened to be one of the casualties. It now plans to focus on its digital health projects, particularly the ones it acquired when it purchased Withings, and its profitable patent licensing business.