Best Buy plans to cut about 2,400 jobs, including 600 of its
Geek Squad employees, as management tries to turn around the struggling
electronics retailer, a spokesman for the company said Friday.
The cuts represent 1.4 percent of the company's 167,000
workforce and come on top of jobs associated with 50 store closings the company
announced in March, the spokesman, Bruce Hight, said. The Geek Squad cuts represent about 3 percent
of the Best Buy unit, whose technicians install and service electronics in
electronics in customers' homes.
The layoffs come as the world's largest electronics chain is
trying to figure out how to stem nearly two years of quarterly declines in
sales at stores open at least a year — a key measure for retailers….
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