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Nikon to Eliminate 1000 Jobs
By Joseph Tepper, November 8, 2016 @ 05:40 PM (EST)
Source: DPReview

Tough times are continuing for the imaging industry—specifically with a report claiming Nikon will cut 1000 jobs in the next two years.

This amounts to roughly 10 percent of the company’s domestic workforce—and are largely the result of a disappointing sales performance in digital cameras. These sales dropped 30 percent in the last year, amounting to a loss of more than $200 million.

Nikon is hardly the only company to suffer: Canon had a 25 percent dip in digital camera sales and the earthquakes in Japan had a cumulative impact on the industry. But it is Nikon’s consumer line that is receiving much of the blame. DPReview.com notes the long delay in Nikon’s entry-level DL line and the really long delay (and mediocre reception) of the KeyMission action cameras. 

Hopefully Nikon (and the rest of the imaging industry) can bounce back. 



Fantasea FG7X II
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