Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
April 02, 2007
Circuit City Lays Off Workers Paid Above Market Rates

Circuit City has announced that it has laid off thousands of employees who the company says were paid well above the market-based salary range for their role.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The company says it will hire new employees for the positions and compensate them at the current market range for the job.

The layoffs affected about 3,400 store employees. The layoffs are part of a series of changes the company says it is making to improve financial performance.

The company also announced that it has entered into an agreement with IBM to outsource its information technology infrastructure operations. A total of approximately 130 Circuit City corporate employees will be effected by the change. Circuit City says approximately 50 of them will transition to jobs with IBM and remain on-site serving the Circuit City contract.

Featured Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: