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Nikon will cut staff by 10%, Intel is partly to blame for this
22.eleven.2021 [07:54],
Alexey Razin

Manufacturers of professional photographic equipment have suffered quite seriously from the pandemic, since travelers have remained the main consumers of advanced cameras in recent years, and after the closure of borders, they no longer need new devices. Nikon prepares to cut staff by 10% and move production outside of Japan.

Image source: Bloomberg

Bloomberg reported this with reference to the Nikkei agency. Nikon posted operating loss of $ 251 million in fiscal second, beating analyst expectations. Demand for digital cameras has dropped significantly, and Nikon will now be forced to cut its headcount by 2,000, which is roughly one-tenth of the company’s total workforce.

It is also becoming too expensive to produce cameras in Japan; Nikon intends to relocate all this type of activity to Thailand. Among the personnel employed in sales, reductions will also be made. According to Japanese media, Intel is partly to blame for the drop in Nikon’s revenue. Since the latter could have obtained lithographic equipment from a Japanese supplier, it can be easily assumed that the Nikon business was hit by Intel’s intentions to more actively attract third-party contractors to produce its own products. If Intel products begin to be produced on the side in a larger proportion than before, then the company’s need for its own lithographic equipment will decrease.

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