Nikon to Cut Workforce on Slump in Camera Business: Nikkei

Nikon posted an operating loss of 26.1 billion yen ($251 million) for the second quarter compared with analysts’ estimates of a loss of 20.3 billion yen. — Nikon posted an operating loss of 26.1 billion yen ($251 million) for the second quarter compared with analysts’ estimates of a loss of 20.3 billion yen.
Photographer: Kiyoshi Ota/Bloomberg

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By Chikafumi Hodo

November 21, 2020 at 2:37 AM UTC

This article is for subscribers only.

Nikon Corp. plans to reduce about 2,000 employees, or 10% of its total workforce, due to a slump in its core camera business, Nikkei reported.

Its business was also impacted by the performance of Intel Corp., one of Nikon’s key clients of semiconductor equipment, the daily reported, without saying where it got the information.