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Sunday, April 1, 2007

Circuit City Announces Layoffs


Consumer electronics retailer Circuit City will lay off more than 3,000 of its highest paid sales employees as part of its "latest" restructuring plan, In addition the company also expects to close 10 more international stores in the next year, bringing the total number of overseas closures to 65. Let me help refresh everyone's memory that Circuit City did this in 2003 also. Basically all Circuit City is doing is cutting their top performers which they did before. The reality of the CE labor market is there will always be someone to take the job at a lower rate.

I write this to make one point, This is a great time/place to purchase your HDTV's. All HDTV's have a low mark down sale price, walk into one of your local retail store TODAY...