After recently announcing that they would stop manufacturing 35mm cameras, Kodak has now said that they will be cutting back their workforce by 12,000 to 15,000 positions over the next 3 years – that’s 23% of the number of people currently employed at the company.

This is all put down to a drop in profits and commensurate restructuring to make the company more viable.

However, I wouldn’t be shopping my resume around in their direction for the next little while – nor would I recommend investing in Kodak stock…