Sharp to Cut 5,000 Jobs After Projecting $3.2 Billion Loss

Sharp to Cut 5,000 Jobs After Projecting $3.2 Billion Loss

Tomohiro Ohsumi/Bloomberg

Sharp Corp. joins rivals Sony Corp. and Panasonic Corp. in planning job cuts following record losses caused by lower TV prices and demand, and a yen trading near its postwar high, reducing the value of overseas earnings.