For the first time in 60 years, Sharp has announced 5,000 job cuts this year, which is about 8.8% of its workforce. The company posted a June-quarter loss of $1.2 billion, blaming a difficult economic environment and power outages.
In a PowerPoint presentation, Sharp explained the report and how the company will address declining revenue.
In its quarterly report, Sharp explained its plans for the future including the following:
Discussion Starters and Assignment Ideas:
- Read the entire quarterly report and analyze the audience and structure. How is the report organized for the audience? Do you think this is effective? What, if anything, could improve the organization?
- Compare the above quarterly report excerpt with slide 9 of Sharp's PowerPoint presentation. What differences do you notice, and how can you account for them?
- The excerpt could be clearer; revise it to improve clarity, conciseness, and tone. Also correct any errors.
- Considering that the layoffs will be the first since 1950, how should Sharp communicate these plans to employees? The company will use voluntary and mandatory retirement to achieve the cuts.