Recent company layoffs - Kodak

<span class="headline18"><a class="taxInlineTagLink" id="ORCRP004864" title="Eastman Kodak Company" href="/topic/business/eastman-kodak-company-ORCRP004864.topic">Eastman Kodak Co.</a></span><br>
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<b>Announced:</b> Jan. 29<br>
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<b>Number of layoffs:</b> 3,500 to 4,500 jobs<br>
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<b>Reason for the cuts:</b> It posted a fourth-quarter loss of $137 million on plunging sales of both digital and film-based photography products. Sales slumped 24 percent to $2.43 billion from $3.22 billion a year ago, hit by a sharp slowdown in demand for digital cameras and inkjet printers, lower royalties from patents and unfavorable foreign exchange rates.

( Daniel Acker / Bloomberg News )

Eastman Kodak Co.

Announced: Jan. 29

Number of layoffs: 3,500 to 4,500 jobs

Reason for the cuts: It posted a fourth-quarter loss of $137 million on plunging sales of both digital and film-based photography products. Sales slumped 24 percent to $2.43 billion from $3.22 billion a year ago, hit by a sharp slowdown in demand for digital cameras and inkjet printers, lower royalties from patents and unfavorable foreign exchange rates.

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