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Print 36 comment(s) - last by Talon75.. on Jul 11 at 1:21 PM

Best Buy recently announced that it will be cutting 2,400 jobs

It's no secret that Best Buy is sinking under the weight of its competitors. With online retailers like Amazon flourishing with competitive prices, the brick-and-mortar electronics store is having trouble keeping up, and it's starting to show more and more as the company continues cutting jobs.

Best Buy recently announced that it would be cutting 2,400 jobs, which is about 1.4 percent of its total workforce of 167,000. About 600 of these cuts will come from the Geek Squad service while the other 1,800 will come from store staff.

This announcement comes after the company's decision to close 50 of its big-box stores in March of this year. It also cut 400 corporate and support jobs.

"These changes were previously announced as part of the leadership team's ongoing turnaround plan," said Best Buy in a statement.

The company aims to cut costs by $800 million by 2015.

In addition to increased competition with the likes of Amazon, Walmart and Apple, Best Buy has had internal issues with management. Former Best Buy CEO Brian Dunn recently quit after the board investigated his personal relationship with a female employee. Also, Best Buy chairman and founder Richard Schulze resigned from his position in June, which was one year earlier than expected.

Source: Market Watch



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RE: Disadvantage?
By sigmatau on 7/9/2012 7:26:26 PM , Rating: 2
It was so funny when I asked a Best Buy employee, after he had walked past me twice without asking if I needed anything, if they sold crossover cables and he replied asking me "what does that look like?"

Kodak moments I tell you.


RE: Disadvantage?
By Kurz on 7/10/2012 10:15:24 AM , Rating: 2
Sorry I didn't know what Crossover cables were either.

Say Cat5 or Cat6, Ethernet Cable, I would Know what you were talking about.


RE: Disadvantage?
By johnsmith9875 on 7/11/2012 9:55:22 AM , Rating: 2
Quit asking the CUTE Best Buy girls about crossover cables. The average looking one will know what you're talking about.

Its just like real life, pretty girls don't have to know much.


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