Been a long time coming
I've dealt with Kodak as a photo and commercial user since 1973 when I worked at a photo store in HS. They have always had good products - never great - and lousy management. You can get away with a lot of bad decisions with the profits they had up through the mid 90's and still survive. They owned the supply business in consumer, commercial photo, commercial printing and medical for decades. Lived like arrogant kings. Tossed them from my first management job when they reformulated litho film and chemistry fro the first round of clean water rules. Old stuff was fantastic, new stuff was terrible but they pushed it out anyway due to the new rules. They've been following the same rule book ever since.
I'm just surprised it took this long for all the stupidity to catch up with them.