Thursday, March 29, 2007

Circuit City Fires 3,400 "Overpaid" Workers

Circuit City fired 3,400 employees in stores across the country yesterday, saying they were making too much money and would be replaced by new hires willing to work for less.
-Washington Post
And this is just after the revelation that Citigroup plans to cut at least 10,000 jobs.
-NY Times, AP, Reuters

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