Circuit City Stores Inc. is closing 20 percent or 155 of its stores in the U.S. by December 31 to ensure profitability. The closure would leave 17 percent of its workforce without job by the end of the year. With the economy expected to remain dull, Circuit City said that the company will reduce store launches and will renegotiate leases and terminate agreements if needed.
Originally posted on November 3, 2008 @ 11:02 am
Many people will lose their jobs in these times including me! But there are high paying jobs on popular job sites –
http://www.linkedin.com
http://www.indeed.com
http://www.realmatch.com
All of us will find new jobs, better jobs!
Does anyone remember that Circuit City, just a few years ago, was the best performing company in Jim Collins’ book “Good to Great”? Obviously, Mr. Collins’ approach to management is worth some reconsideration given the fall of Circuit City. It would seem a new approach to management would be worth considering. Read more at http://www.ThePhoenixPrinciple.com