Circuit City files for Chapter 11 bankruptcy”Lays off more workers”

circuit_city

Troubled electronics retailer Circuit City. The company, one of the top five retailers in the US for selling games, has now filled for Chapter 11 bankruptcy protection. This move comes on the heals last week of its decision to close 155 stores in the US. The even worse news? Circuity City announced it would lay off 700 more workers in addition to the workers that would be displaced by the closing of its 155 stores

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