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Sharp to slash 5,000 jobs will refocus on smartphone displays, large HDTVs and 4K TVs

Sharp retooling their business, will slash 5,000 jobs in the process

By Anthony Garreffa | May 12, 2013 01:36 am CDT

Sharp will reportedly announce a three-year recovery plan next week, and will slash 5,000 jobs as part of this recovery plan in order to turn the struggling Japanese company around.

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The Asahi Shimbun has reported that the number of directors and advisory positions will be slashed in half, with the number of positions at Sharp's main office in Osaka, Japan to be reduced by 50%. There will be layoffs in China and Malaysia, also. In order to increase profits, Sharp will refocus their efforts to producing more smartphone screens, big HDTVs and 4K TVs.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:bgr.com

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