Kodak Plans Cuts

Kodak Plans Cuts

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Kodak Thursday announced that it lost $137 million in the most recent quarter, and will subsequently eliminate between 3,500 and 4,500 jobs in the first half of this year.

According to the Wall Street Journal, the company attributed the loss to slow consumer spending and reduced demand. The cuts will affect between 14 and 18 percent of Kodak’s workforce.

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