Thread regarding Canon Inc. layoffs

@an why would you want interest rates to come down. The lower the fed goes the less you will get on CDs, savings accounts and the like. I'm glad you have a ton of money to spread around your household, but us regular people are constantly getting ki-led out here. Tariffs that end up being a consumer tax, inflation, mortgage rates up and an employer cutting on its employe base.

@an I'll leave you to whatever search engine you'd prefer on these, but here is just a short list of recent, verified statistics.
"Moody's downgrades United States credit rating"
"US manufacturing contracts for sixth straight month in August."
"Total household debt in the United States reached a new record high of $18.39 trillion in the second quarter of 2025."
"July factory employment dropped to the lowest level in five years"
"US Continuing Jobless Claims Rise to Highest Since End of 2021"
"US Hits Highest Layoffs Since COVID"
“U.S. Bankruptcy Wave Surpasses 2020 Pandemic Levels”
“Farm Bankruptcies in 2025 Already Exceed 2024 Levels”
“US Initial Jobless Claims Jump to Highest in Almost Four Years”
“Consumer prices rose 0.4% in August, driving the annual inflation rate to 2.9%, the highest since January”

PK will find a way to cook the books.

@qp What is HP doing? Also, why are service rates in the negative? Dealers and competitors have it figured out. Why doesn’t the big beast CUSA have it figured out?

Professional cameras are in decline; there is no contradiction with that statement. The decline started years ago and should be no surprise.

Office printers were in decline even before COVID but became even more pronounced after COVID; there is no contradiction with that statement.

Production printers from OCE were mostly installed in bill and statement printing facilities, and those volumes were in major decline before COVID and like office printing is still in decline: there is also no contradiction with that statement.

Canon has not been able to make the transition with OCE products to commercial print, due to head winds from HP and just the facts that the equipment is at a negative service expense in terms of shear replacement parts and staffing overhead.

Wide format printer market is saturated, and Canon supplies cannot maintain acceptable margins. The division is in decline with the expansion of Chinese HW in the US.

Should I go on. All 4 key strategies are in flux, Printing, Medical, Imaging and Industrial. Canon is now in what they call Phase VI 2021-2025, "Excellent Global Corporation Plan" it closes out by year end. Let's see how this plays out.

Lots of woke liberals going through these chats.

I skeptical AI's effectiveness. Sure, it's a great tool but to use it to eliminate jobs, as people want interaction with human beings, not bots, it will destroy any company. People are already avoiding doing business with any company that uses AI bots. Why? Very simple: human interaction.

In regards to the US economy, the world is fine.

I think when you have this discussion you need to separate the overall economy and look at the state of our industry.

Print volumes are down for many reasons. First off, hybrid workers are not in the office to print. The emergence of digitalization means we scan more and print less. Last but not least, young people don’t use paper at all. They have become accustomed to reading everything on a screen.

Somehow the company thinks we should be selling more. Our latest release of imageFORCE is nothing more than a name change on our digital MFP. Canon is not the innovative company once viewed as. We rely on other software companies to sell software.

The industry is weak and getting weaker by the month. The economy is great. That’s why sales people are leaving and seeking jobs in more thriving industries. The longer they play games of “don’t pay the reps”, the longer they will learn everyone with customer relationships have left.

@a8 The US economy is collapsing?? What are you smoking? Probably watching CNN/Fake news!

Kobayashi & Co. will never read the survey results or responses. Some consulting firm will do all the processing and will be paid by our dear leaders to create a presentation that will paint the company in a positive light to deceive investors, job applicants, etc.

He couldn’t care less what you have to say. He’s the smartest man in the room after all.

At what point will the Board of Directors wake the bleep up?

Could you share your source that shows the US Economy is collapsing? I’ve read that forecasters expect anywhere from 1.7 - 1.9 gdp growth https://www.philadelphiafed.org/surveys-and-data/real-time-data-research/spf-q3-2025?

If that’s accurate it’s not indicative of a collapse. Also according the Feds Chairman and company the economy is showing a slow steady growth that’s why not decrease in interest rates another indicator of no collapse. I think they should lower interest rate because thing are too slow right now, and for me that’s a good enough reason, but then again I’m impatient and want to speed things up for rapid growth. I would love to see the economy get a good jolt!

For us peasants away from Long Island who aren't privy to the total billed revenue numbers, what did they look like? I ask because my team's numbers were pretty great for August, but I know that doesn't necessarily correlate to camera and print hardware numbers.

Regardless, the US economy is collapsing and right now the goals should be about survival. From a company and individual standpoint. Tread water as long as possible without cutting so much as to not be able to function into 2026.