Sharp Laying Off 5,000 While Shifting Focus To Smaller Screens
Most of Sharp's job losses will mount overseas. With around 51,000 employees, 5,000 isn't a huge percentage, but it'll still be felt. The main office in Osaka will see around half of its staff cut, with directors cut from 12 to 6. Product-wise, the company plans to "focus more on small-sized panels for smartphones and other devices, which have more added value."
Sharp is hoping to get back into gear by 2015, but it won't be easy nor enjoyable.