Circuit City has announced the layoffs of 3,400 employees because they make too much. Why did they pay them the higher wages to begin with? This sounds like upper-level management malfeasance to me.
Hopefully the smarter and harder working employees who were not affected by this move will find new jobs soon. Hopefully dimwitted upper-level management will see sales and profits drop soon too.
I suppose this is not usual - firing higher paid employees - but the higher paid employees are usually the most experienced which, of course, doesn't mean they are the best workers, per se, but one probably finds that there are more good workers in that group than in the lower pay groups.
This looks like it may backfire on Circuit City. As a person who has worked in retail, I have no sympathy for boneheaded upper-level managers.
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