Via Kevin Drum, this LA Times story:

Circuit City Stores Inc. has a message for some of its best-paid employees: Work for less or work somewhere else.

The electronics retailer on Wednesday laid off 3,400 people who earned “well above” the local market rate for the sort of jobs they held at its stores. In 11 weeks they’ll be able to apply for their old positions — which will come with lower hourly wages.

Updated: William has a link to the full story on Yahoo.

I think maybe I’ll return all the stuff I’ve bought at Circuit City’s Canadian chain, The Source, and give them a chance to resell it to me in two and a half months. At a hefty discount, of course.

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