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ECT News Community   »   E-Commerce Times Talkback   »   Re: Circuit City to Lay Off Thousands of 'Overpaid' Workers

Re: Circuit City to Lay Off Thousands of 'Overpaid' Workers
Posted by: Zinie Chen Sampson 2007-04-02 21:00:55
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Circuit City Stores said Wednesday it plans to cut costs by laying off about 3,400 store workers and hiring lower-paid employees to replace them, and by trimming about 130 corporate jobs. Its shares rose 3 percent in morning trading. Circuit City, the nation's No. 2 consumer electronics retailer behind Best Buy, said the store workers being laid off were earning "well above the market-based salary range for their role." They will be replaced with employees who will be paid at the current market range, the company said in a news release.

Re: Circuit City to Lay Off Thousands of 'Overpaid' Workers
Posted by: avapcat 2007-04-02 21:06:38 In reply to: Zinie Chen Sampson
My dear friends. It''s not Circuit City''s fault for their actions. It''s hard to be responsible for actions if you haven''t got a backbone. For the last 6-7 years the brain trust at that company refuses to step up to the plate with their own ideas. All that money they pay procurement, marketing, and advertising is a waste if all they''re going to do is copy Best Buy. I''m surprised they haven't ordered the blue shirts yet.
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