Helsingin Sanomat reports of US electronics retailer Circuit City and their novel layoff strategy. The corporation laid off 8% of their higher/highest paid workers in March, telling them that they could reapply for their old jobs at a lower wage.

"This strategy strikes me as being quite cold," said Bernard Baumohl, executive director of The Economic Outlook Group. "I don't think it's in the best interest of Circuit City as a whole." (Yahoo! News, March 28, 2007)