Kodak this week announced bigger than expected job losses as a direct response to a more rapid decline in sales of its film products. Initial predictions were for a 7 to 9 % drop worldwide in the company’s film sales. There will actually be a 10 percent to 12 % drop this year, causing Kodak to cut 3,500 to 4,000 jobs, rather than the 2,500 to 3,500 jobs that it predicted back in January. It’s not all bad news for Kodak, however, as its profits actually rose to $154 million in the second quarter of this financial year, up from $112 million a year ago. Purchases of Kodak digital cameras, self-service printing machines and accessories doubled, with PictureMaker kiosks proving especially popular (found via DPReview).

Website: Democrat and Chronicle - Digital fires up Kodak’s profit