Hundreds of Best Buy employees are laid off.
The Wall Street Journal reported on Friday that Best Buy Co Inc is reducing store positions across the United States as the electronics retailer aims to cut expenses and shift its operations more toward e-commerce.
According to the article, the layoff would effect hundreds of employment throughout Best Buy’s U.S. locations, but laid off employees could reapply for new positions inside the firm or receive severance pay.
Several store employees who specialize in selling more difficult products such as computers and smartphones were notified this week that their jobs would be removed, according to the report.
As we announced last month, we’re evolving our stores and experiences to better reflect changes in customer shopping behavior, as well as how we organize our teams, Best Buy added.
Best Buy has about 90,000 employees in the United States and Canada as of January 2023, with approximately 58% full-time employees, 32% part-time workers, and 10% seasonal workers.
