Folks, some more depressing news from the unfurling fiscal nightmare: Despite Circuit City’s announcement that they’re going straight to heck, Circuit City and Target, two of its major big-box competitors have announced planned layoffs for hundreds of more employees.
Best Buy offered voluntary severance packages to employees just last December, and although as many as people as 500 took the bait, Best Buy still wants to get rid of more employees fromo their Minneapolis home base. Target plans to close a distribution center, letting go of up to 500 workers, and they’ll be cutting back about 600 jobs at their corporate HQ.
It’s unlikely that either store will go completely under as Circuit City just did, but times are definitely scary, even for these major players. If these two buy the farm too, where are we gonna get all of our awesome PSP games and accessories? Are we going to have to begin manufacturing them ourselves in our own basements? I guess someone’s going to have come up with a PlayStation that’s built entirely from balsa wood, bubble gum, and penny nails.