Ricoh Cuts 2,000 Jobs Globally as Printer Demand Declines

What’s happening at Ricoh?

Ricoh has confirmed plans to cut approximately 2,000 jobs from its global workforce, citing reduced usage and sales of office MFP (multi-function printer) products. This move comes as part of the company’s shift to focus on profitability and align with its broader move toward becoming a digital services company.

Key details

• Ricoh’s job cuts will impact various regions, with a significant portion centered in Japan.
• The company has introduced a “Second Career Support Program” in Japan, which will facilitate voluntary retirement and reduce Ricoh Japan’s workforce by about 1,000 employees, with an additional 1,000 globally.
• The global restructuring efforts aim to streamline the company’s operations and better position it for growth in the digital services sector.

Official statements

Ricoh has been focused on improving its profit structure since the launch of its Corporate Value Improvement Project in April 2023.

“As a digital services company, Ricoh is aiming to achieve growth and sustainably increase corporate value through this project,” Ricoh stated, underscoring its focus on evolving to meet modern market demands.

Impact in Canada

It remains unclear exactly how many Ricoh employees in Canada will lose their job as a result of this layoff.

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📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at Ricoh for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.

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