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Articles written by Andy Day

Why Is Leica Shedding Staff When Its Profits Are Increasing?

For many companies, losing 7.5% of your workforce would typically be bad news, perhaps an indication that profits are falling. This is not the case at Leica; in June last year, it announced that sales had increased for the fifth consecutive year. So, why is Leica doing so well when other camera companies are seeing their figures nosedive, and why is it reducing its number of staff?