Circuit City

It has been all over the internet this morning that electronics retailer Circuit City plans to lay off almost 3,500 of its highest paid employees, and replace them with lower wage workers. In a story discussing local impact on signonsandiego.com, Circuit City spokesman Jim Babb attempted to justify the decision...

“This is no reflection on job performance. We deeply regret the negative impact. Retail is extremely competitive, and if we're going to thrive and operate a successful company for our shoppers, employees and shareholders, we just have to control costs.”

http://www.signonsandiego.com/news/business/20070329-9999-1n29circuit.html

The company is struggling financially, so the need to do something to control costs is understandable. However, to fire workers in this way, for this reason is an absolute outrage... especially since many of these workers had been with the company for several years, had outstanding performance records, were still only making about $35,000 - $40,000 per year, and were not given the option of taking a pay cut. Circuit City deserves to lose customers over such a heartless move.