The current coronavirus pandemic will inevitably have a huge impact on all businesses, big or small. After GoPro, VSCO has also announced job cuts citing “overnight changes.” The company is forced to lay off 45 employees, which makes one-third of the staff.
After a seemingly good start in 2017, GoPro seems to be struggling again. As the sources close to the company claim, GoPro is laying off 200 to 300 employees this week. Reportedly, the layoffs are concentrated mainly on the company’s aerial division, which could have an impact on their drone production.
On Wednesday, Eastman Kodak Co. announced that they are cutting 425 jobs due to a large financial loss in the third quarter of 2017. Compared to the same period last year, the company’s revenues were down 8 percent. So, they decided to lay off about 7 percent of their overall workforce, hoping this will help them generate cash in the fourth quarter of 2017.
News Corp Australia is experiencing a severe wave of job cuts. One of Australia’s largest media companies is trying to make up for the financial losses, and photographers and subeditors are first under the impact.
This media company owns over 100 newspapers. These include The Daily Telegraph, the Herald Sun and the Courier-Mail – which alone will experience 45 job cuts. Together with the other publications, they will have photographers made redundant. But also, they will undergo the restructuring of the business.
It’s funny how the Internet rumour mill sometimes seems to work. Some random person makes an off-hand comment to somebody. That somebody then relays it on to somebody else. Then it gets sent to some online publication, perhaps with a slight embellishment or two to make it sound more interesting. Then, before you know it, half the world is reporting that Nikon are firing 10% of their domestic workforce in Japan.
In a completely out-of-character move, Nikon responded to the reports extremely quickly. Within a few short hours, Nikon released a statement. In it, they declare with an emphatic no, that they are not getting rid of 1,000 employees in Japan. Then, a couple of hours later, changed their minds again.