Circuit City (CC) Fires Hundreds Of Headquarters Staff

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In addition to the nearly 7,000 people who lost jobs when Circuit City (CC) closed 155 stores last week, almost 800 people who work at the company headquarters in Henrico, near Richmond, are now out of work.

At the rate things are going at the electronics retailer, everyone at the firm will be unemployed by Christmas.

According to The Richmond Times-Dispatch, "It was a somber morning in Henrico County yesterday as several hundred newly fired Circuit City Stores Inc. employees carrying boxes streamed out of the company’s headquarters."

CC’s stock trades at $.25.

Douglas A. McIntyre