February 19, 2009

Best Buy cuts 40 jobs at headquarters

According to AP, Forbes: “Best Buy Co. Inc. said Thursday that 250 workers at its corporate headquarters in suburban Minneapolis would lose their current jobs as the electronics chain pares its work force, though most might get new positions with the company.

The company hoped the displaced employees would fill 210 new jobs being posted by the retailer, for a net loss of 40 jobs.”

January 12, 2009

500 Best Buy Workers Take Layoff Package

Filed under: Retail,US — 7macaw @ 6:39 pm
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About 500 Best Buy Co. (NYSE: BBY) workers, or about 12.5% of headquarters employees, have agreed to voluntary layoffs, including enough company officers that one Wall Street analyst said the move could create a “slight ‘brain drain'” at the consumer-electronics retailer.

Best Buy has 160,000 employees worldwide, but only corporate employees were presented with a voluntary separation package. Employees have until Friday to revoke their requests to participate, so the final number could change, Busch said.

Source: CNNMoney

December 16, 2008

Best Buy plans layoffs

Filed under: Retail,US — DF @ 10:49 am
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According to CNNMoney: “Best Buy Co. announced Tuesday that a worsening sales environment could force it to lay off employees and significantly slow its new store openings in the United States”.

Update (according to Forbes): “The Minneapolis-based retailer said Tuesday that it was offering a voluntary separation package to nearly all of its 4,000 corporate employees.”

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