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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. 

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