Picture This: Kodak cuts up to 4,500 jobs
Your online payday loan store gives daily updates about the biggest companies making the biggest layoffs.
Eastman Kodak announced it will cut between 3,500 and 4,500 jobs, up to 18 percent if its workforce. The company lost $137 million in the fourth quarter of 2008.
Overall revenue fell 24 percent because of drops in sales on both digital and film-based photography products. Film-based revenue fell 27 percent. Digital sales did only slightly better, falling 23 percent.
Cessna layoffs head for the sky
Check out yesterday’s article on layoffs from your online payday loan store.
Well, it appears that people aren’t buying as many planes as they used to. Cessna, which manufactures flight training aircraft, business jets and personal planes, plans to reduce its workforce by 4,600 jobs.
Cessna previously announced that it would cut 2,600 jobs. After the company completed more financial review, the number jumped to 4,600. Cessna plans to complete the cuts by the end of March. The company will shut down a Toledo, Ohio, service facility.