Circuit City's Job Cuts Backfiring, Analysts Say

[David Farber <dave () farber net>]

Begin forwarded message:

From: EEkid () aol com
Date: May 2, 2007 4:43:20 PM EDT
To: dave () farber net
Subject: Circuit City's Job Cuts Backfiring, Analysts Say


"Circuit City fired 3,400 of its highest-paid store employees in  
March, saying it needed to hire cheaper workers to shore up its  
bottom line. Now, the Richmond electronics retailer says it expects  
to post a first-quarter loss next month, and analysts are blaming the  
job cuts."



http://www.washingtonpost.com/wp-dyn/content/article/2007/05/01/ 
AR2007050101623.html?hpid=sec-tech



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