Sharp to cull 5,000 as losses exceed £1 BILLION

Japanese electronics giant Sharp has become the latest tech firm to announce swingeing job cuts, with 5,000 employees set to be culled in a bid to slash costs after it revealed losses in the last quarter of £1.1bn. Sharp hasn’t been forced to make any redundancies in over 60 years but has been hemorrhaging money thanks to a …

[Anonymous Coward]

Rumour has it

That they will be supplying the screen for the new iPhone, I would have expected them to increase their workforce?

[Barry Dingle]

Pass the buck

Guaranteed none of the people supposedly in charge are among the culling.

[Goldmember]

"hefty $388 settlement"

I think even I could manage to pay that sort of settlement figure.

[SoaG]

Sharp? Really?

Didn't realize they were still in business.

They used to be THE brand for ghetto blasters back in the mid-late '80s.

Haven't seen anything with their name on it in the last 15-20 years.