Canon USA got a huge tax break from the Government of the USA, and this break was given to keep the staff employed. But despite getting a huge tax break from the government, they had a major layoff done by Canon USA of many employees, including the technical advisory team led by Rudi Winston, as well as many others whose names and exact numbers we don’t know. So now the question remains: what will happen next? Since they have done the layoff but also received the tax break, will they have to return the tax break of $7 million to the government?
We don’t know what’s going to happen, but the above information is collected based on several news published by NEWSDAY, which include the following headlines,
December 14, 2023 – Canon could close Melville headquarters if more tax breaks aren’t approved, executive says: [Source]
December 17. 2023 – Canon USA gets another $7 million tax break after threatening to close shop in Melville, NY: [Source]
July 23, 2024 – Canon USA cuts jobs in Melville less than one year after winning more IDA tax breaks: [Source]
July 26, 2024 – Canon USA. could have to repay tax breaks because of job cuts at its Melville headquarters, the letter says: [Source]
July 29, 2024 – Suffolk IDA should claw back Canon’s tax breaks: [Source]
one by one, each headline tells everything very clearly, So we are putting up all those press releases in serial order so you can also get a clear idea of what’s going on with Canon.
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source – PR.com
Canon isn’t making any right moves lately. They’re mistreating employees and consumers by locking up the RF mount, and now they’ve upset the government too.
@arvindo
That means Canon is like a Sigma male, forging its own path and doing things its own way. I love Canon!