Kodak to cut another 10000 jobs

dpreview.com -> altustimes.com, boston.com, washingtonpost.com

Eastman Kodak Co. said Wednesday it is cutting as many as 10,000 more jobs as the company that turned picture-taking into a hobby for the masses navigates a tough transition from film to digital photography. The lightning transition to a world without film is forcing an extreme makeover at the world's biggest maker of the product and coincided with the disclosure of a second-quarter loss ...

On top of 12,000 to 15,000 layoffs targeted 18 months ago, Kodak is reducing its payroll by almost a quarter from where it stood in 2004, when a string of recent acquisitions is taken into account ... Kodak plans to make as many 25,000 job cuts by the middle of 2007 and trim its traditional manufacturing assets to about $1 billion, down from $2.9 billion in January 2004.

- and the people who held these jobs are going to go where??

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