In my area, I noticed about eight months ago that they shuffled employees, but they didn't seem to fire any. They just got moved to other stores in the area.
There are a ton of stores in my area, and when I was still looking for a Wii and randomly dropping in on stores whenever I had an excuse, I noticed many of the people that used to work in the stores closest to me had been moved to stores further out.
The only MIA is the GS employee who reminded me of the Comic Book Guy from the Simpsons. He just disappeared. Actually, now that I think about it, everyone who used to be at that GS is gone, though I know one of them was moved to a different store and not fired.