Recent layoffs in the workforce
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Recent company layoffs - Kodak( 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.