[LUNI] OT: Circuit City and the American Dream
luni at pyewacket.org
Mon Apr 2 14:04:08 CDT 2007
I saw this on Slashdot. Talk about a morale boost.
It's sure to become the latest craze in corporate America.
Call it "In-Sourcing".
"Circuit City said yesterday that it had fired 3,400 of its highest-paid
sales staff ? 8% of its employees ? and will replace them with
lower-paid workers. Sign On San Diego called this 'a risky strategy to
cut costs that goes beyond the layoffs, buyouts and hiring freezes
commonly used by struggling companies.' The fired workers have a chance
to apply for lower-paying positions after a 10-week wait, the company
said. Quoting a Circuit City spokesman: '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... we just have to control costs.' So: work hard,
become the best in your field, and get fired so they can offer you a
new job 10 weeks later at a lower salary."
- Mike Scott
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