This latest move is another in a series of recent moves by the company to help it raise its profitability and reduce its $950 million debt. This past February, Polaroid laid off 950 workers. More recently, the company began selling off some of its real estate assets here and in Waltham. It sold two of its properties here for $35.7 million and it sold its 56-acre campus in Waltham for $70 million. The company reportedly faces a July 12 deadline from its lenders to comply with $350 million in bank loan agreements.

The company did not return calls by presstime and it is unclear which facilities will be impacted in this latest round of job cuts. The company is in the process of restructuring and is trying to focus on selling new digital printing products rather than on the instant-photography business. The company will take charges of $150 million to $175 million this year and next to cover the costs of the latest round of layoffs.