Entries in economy (2)
Choosing Between People and Profits
April 5, 2007 in Society In its choice between people and profits, Circuit City let us know which they really value the most this week, announcing layoffs of 3400 workers because they make too much money. Yes, in a rare moment of honesty, this company actually admitted that’s why they were doing it. So much for their company slogan “Our associates are our greatest assets.”
Regrettably, this race-to-the-bottom approach is hardly limited to Circuit City. Retailers in a wide variety of specialties have looked at the leveling effects of the Internet and concluded that sales associates are not really that valuable. If they were, prices for goods bought with the assistance of salespeople would be higher than for goods bought with a few clicks of the mouse.
Change is inevitable, and to survive, employees need to have the training and skills most valued by employers. Clearly, older experienced workers are no longer valued at Circuit City.
Circuit City’s harsh layoffs give glimpse of a new world, USA Today
NBC Announces Layoffs
October 19, 2006 in Media 
Announcements of major changes today as NBC informs employees of layoffs and major changes at the network. The network plans to cut 700 jobs, and reorganize how and where they do many shows. We’ve recently heard that union contracts are changing, eliminating financial “penalties” for nearly everything but overtime. When changes like this are made at one network, others tend to follow suit… though some networks have already experienced deep cuts.
Layoffs loom at NBC Uni, Hollywood Reporter
Pearls Before Swine
Day By Day
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