said by danclan 
:said by PolarBear :"My company's doing horrible, so I'll just keep firing people until it gets better." Makes perfect sense. Right.
Um, didn't Circuit City try something similar to this, only to have it come back and bite them in the ass and end up begging the employees to come back?
You are incorrect on both observations.
1. He is letting the rank and file know that EVERYONE is being scrutinized and that it starts with the leadership of an organization and not just the rank and file. This cleaning of senior executives will lead to new leaders with new ideas and a fresh look at how things are operating. It says very clearly that things have to change and that new ideas are needed.
2. CC laid off their high salaried sales staff en mass then re hired them at lower hourly rates. This was a disaster. letting go of your most productive people to then rehire them at cheaper rates is a total moral killer and turns off the average joe. This sent the message that just cause you perform well and have earned a high rate of compensation and bring in the most revenue to the corp ...well that means nothing to us...
I heard CC laid off people due to BB cutting into their business, and was also told that they took away the commission due to this. I could be wrong but I heard this many years ago. 
