The company will cease development of digital cameras, video cameras and digital picture frames within the next six months. Their focus will now be on photo printing and inkjet printing. The company says they will continue to honor warranties and provide support for their products. A Kodak spokesperson says about 400 jobs worldwide are affected by this move, the majority of which are based in Rochester. The spokesperson says there will be "significant job cuts."
Kodak expects this decision to save them more than $100 million.