Even scarier is the last part of the article:
The consumer and professional photography businesses, which account for about 60 percent of Kodak's annual sales of $12.8 billion, were consolidated last month in an effort to pool resources.
The switch by consumers to digital photography is coming on faster than expected, cutting deeply into the film, paper and photofinishing businesses that anchor Kodak's profits and image. Industry analysts say that by the end of the year, digital cameras will begin outselling film cameras in the United States for the first time.
Kodak is slashing 4,500 to 6,000 jobs this year, shrinking its global payroll to around 62,000 from a peak of 136,500 in 1983. Kodak blames the three-year slump in film sales largely on a sluggish economy and the rise of filmless digital cameras.
About half the cuts, mainly in the traditional-photography divisions, will be made in Rochester, where Kodak is based and employs about 22,000 people. Three weeks ago, Kodak said it is shifting its 35 mm film-finishing operations to Mexico and China and eliminating as many as 900 jobs in Rochester.