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Kodak is cutting more jobs. President and CFO stepping down.
http://news.cnet.com/8301-1001_3-57509485-92/kodak-to-cut-1000-more-jobs-to-save-$330-million/
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Holy cats, Perez will be the last one standing. Never good when the CFO quits.
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 Originally Posted by Hatchetman
Never good when the CFO quits.
Given that a bankrupcy is, by definition, a financial emergency, I would think not.
Ken
"The richness of the experience that occurs when one is exposed tangibly to a subject, material, or process is unmatchable in the abstract... Thus, when 'touch it,' 'taste it,' smell it' become the watchwords, the results are most often extraordinary. Equally extraordinary are the lengths to which people will go to avoid [that] experience."
— Tom Peters and Robert H. Waterman Jr., In Search of Excellence, 1982
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Hate to here that. Losing your job ain't fun.
Jeff
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I feel very sad for the employees at Kodak that are getting their jobs cut.
The interesting aspect of it is that 1,000 employees together make 330,000,000 dollars. That's an average of $ 330,000 per year in compensation and benefits. No wonder their costs are too high.
"...the heart and mind are the true lens of the camera".
- Yousuf Karsh
"We are what we repeatedly do. Excellence, then, is not an act, but a habit".
- Aristotle
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Originally Posted by Thomas Bertilsson
I feel very sad for the employees at Kodak that are getting their jobs cut.
The interesting aspect of it is that 1,000 employees together make 330,000,000 dollars. That's an average of $ 330,000 per year in compensation and benefits. No wonder their costs are too high.
There are probably associated cuts in rent and office/plant expenses and supplies as well.
Matt
“Photography is a complex and fluid medium, and its many factors are not applied in simple sequence. Rather, the process may be likened to the art of the juggler in keeping many balls in the air at one time!”
Ansel Adams, from the introduction to The Negative - The New Ansel Adams Photography Series / Book 2
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Originally Posted by Thomas Bertilsson
I feel very sad for the employees at Kodak that are getting their jobs cut.
The interesting aspect of it is that 1,000 employees together make 330,000,000 dollars. That's an average of $ 330,000 per year in compensation and benefits. No wonder their costs are too high.
Can that figure be right? Not a zero too much or wrongly positioned comma?
If it is correct then yes. Just close the whole thing. Sell off the tools and patents and be done with it. Guess how many high-skilled people (I deliberately don't refer to them as "workers") one of those salaries would get in an emerging economy country? Heck, since moving back to Sweden, I hardly make more than a tenth of that per year!
No tears for Kodak by me from now on...
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It is my understanding that the $330,000,000 figure applies to the total of 3,700 employees being cut in 2012 - that comes out to about $89,000 per employee being cut.
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Originally Posted by Hatchetman
Holy cats, Perez will be the last one standing. Never good when the CFO quits.
They keep firing the wrong guy.
Kent in SD
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Originally Posted by Two23
They keep firing the wrong guy.
Kent in SD
You can say that again.
Warning!! Handling a Hasselblad can be harmful to your financial well being!
Nothing beats a great piece of glass!
I leave the digital work for the urologists and proctologists.
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