Ricoh to cut 2,000 jobs globally

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Ricoh to cut 2,000 jobs globally

reported on Nikkei Asia
Ricoh will cut 2,000 jobs globally, focusing on its office equipment division as part of its digital transition.
1,000 employees in Japan will be offered early retirement from Oct. 2024 to Feb. 2025.
Ricoh expects a 16 billion yen ($112M) severance cost but aims to boost profits by 9 billion yen annually from 2026.
Shrinking printer demand is driving Ricoh to focus on digital services like AI and data management.
Konica Minolta is also cutting 2,400 jobs, forming a joint venture with Fujifilm for office machine components.

9/12/249:43 PM

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Ricoh to cut 2,000 jobs globally

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