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Eastman Kodak Co., struggling to find its footing in new digital photography markets as its signature film business fades, said Thursday it will cut 12,000 to 15,000 jobs, or up to 24 percent of its global work force, over the next three years.The Rochester, N.Y company expects to cut total facility square footage by about one-third as it shutters some manufacturing sites, reports CBS MarketWatch.Last week, Kodak said it would stop selling reloadable 35mm film cameras in North America and Western Europe by the end of 2004.The announcement also came as the world s biggest photography company posted a fourth-quarter profit of $19 million, or 7 cents a share, down sharply from $113 million, or 39 cents a share, a year ago.Excluding restructuring and other one-time items, however, earnings were $199 million, or 70 a share. That beat the consensus forecast of 52 cents a share among analysts surveyed by Thomson First Call. Sales rose 10 percent to $3.78 billion from $3.44 billion.Kodak said the cuts reflect reductions in global manufacturing and selected traditional businesses as it sharpens its focus on digital pho
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stanley mugs mpany eliminated up to 6,000 jobs in 2003, shrinking its payroll to around 62,000 from a peak of 136,500 in 1983.Kodak said it would take charges of $1.3 billion to $1.7 billion through 2006, including up t
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The Internet of Things is shaping up to be the buzzphrase of the year as more and more of our machines take off their dunce caps. But as history has shown us, a smarter gadget doesn ;t necessarily mean an easier life. If our modern soothsayers can be believed, soon your refrigerator will be snapchatting your garbage disposal raunchy pics of your microwave, while your thermostat consults your lawnmower for stock picks. Or something like that. The Internet of Things is said to be the next evolutionary step in our connected world 鈥?the promise that every machine in your physical environment will be talking to each other and acting pseudo-intelligen
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