Thursday, May 31, 2007

Circuit City starts lashing out with the axe

Richmond, Va. – Circuit City has dismissed 200 employees at company headquarters here today and has begun realigning store workers around the country as part of an ongoing corporate restructuring.
The headquarters layoffs affected departments across the board, and were implemented to control costs and eliminate duplication, spokesperson Jackie Foreman told TWICE. For the past several months Circuit City has been reorganizing its corporate workforce into cross-functional teams to promote teamwork and to allow the company to react more quickly to marketplace changes, she said. Headquarters staff now numbers about 2,900.

I'm sorry, but 2,900 head office personel still sounds like an appallingly high number, no matter how many stores you administer.

Also, it's a cheap shot, but I know where they could trim another $6.9 million from their budget. I think it would be deliciously ironic if they laid off CEO Phil Schoenover, and rehired him back at a lower salary.

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1 comment:

Flatland Pastor said...

It would be either "deliciously ironic" or incredibly courageous.

And it would set a precedent that would probably create more fallout on Wall Street than 1929. I don't know what you'd like to invest in, but I'd pay money to see that happen.

*lapses into giddy daydream - drools slightly*

Y'know, reality really sucks sometimes, especially when the pink slips come around.

(Will there be any)
(anytime soon?)