Circuit City Crumbles

April 13, 2008

Just over a year ago, Circuit City made big news of the wrong kind by laying off 3,400 or so workers for being too good at their jobs. That’s right, they laid off the best employees who were making more money than their coworkers because they received excellent reviews, beat their sales goals, and were compensated by Circuit City management for their outstanding performance. Here’s a good financial analysis article that includes a graph at the end showing Circuit City’s consistent degradation under current management.

Here’s an article on doing a good job Read the rest of this entry »