Nikon to cut 1,000 jobs in Japan

TOKYO -- Nikon plans to eliminate about 1,000 jobs in Japan, or 10% of its domestic workforce, as the company shifts resources away from once core businesses to medical devices and other growth areas. The cuts over the next two to three years will mostly affect Nikon's money-losing semiconductor equipment operations and its shrinking digital camera business.

One of the really interesting questions is why has it taken the titans of camera manufacturing so long to realize that the world's culture has changed.  And without their permission One of the interesting answers is that the management of Canikon are older and just don't understand today's cultural priorities.  As a senior, i can relate   The DSLR/mirrorless marketplace will continue to shrink because younger generations are just not that interested in the high quality photography culture.

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