» The layoffs follow a recent settlement between Olympus and former-CEO Michael Woodford, who sued the company for unfair-dismissal following his firing in October 2011. Woodford is responsible for unearthing massive investor losses by the company, $1.5 billion to be exact, and is expected to receive just over $15 million after settling the matter out of court. According to local media, Olympus plans to cut most of the 2,500 jobs from its camera-making division.
» Wait wait, how sad is this? Kodak, one of the great companies of the 20th century — and probably the one most deserving of a Paul Simon tune — has been relegated to patent troll status. Kodak claims that they hold the patent to an image-preview feature commonly used in cameraphones. The company has lost half of its market value in the past year.