Nikon to retire, reassign or rationalize 23.5% of domestic workforce

The rumors have been flying for some time about Nikon layoffs in Japan. Today, Nikon finally announced their workforce plans publicly.

Nikon's last quarterly financial report was mixed and troubling. While Nikon was able to increase overall income and earnings per share substantially, they continue to face shrinking sales which doesn't bode well for future earnings if the trend continue