Topics regarding layoffs at Best Buy

Topics regarding layoffs at Best Buy

Things might be looking up

Best Buy stock has fallen 30% in 2022, some analysts believe the stock is undervalued. The company is working hard to reenergize itself after the pandemic and widespread supply chain issues. Along with its dividend, Best Buy is positioning... —  read more 

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Post ID:  @OP+1iFoq7em

Poor rich people

I guess they weren’t getting filet minion anymore but only sirloin steaks at this time. Poor rich people…. Oh I know let’s axe these poor people so we can go back to filet minion. Yeah that will do it… why didn’t we think of this sooner? Oh sorry, ... —  read more 

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Post ID:  @OP+1if832BT

More layoffs to come

It looks like we're nowhere near done with layoffs. I'm not sure how they expect to do this and still have stores working considering that (at least in my case) we're working on a skeleton crew as it is. You remove a couple more people and we can... —  read more 

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Post ID:  @OP+1ieCQnHM

mass layoff?

i got laid off many other supervisors got laid off definitely nationwide, and maybe 1000+ employees? it's not a great look, but not surprising and certainly not limited to best buy as a retailer. people should remember that if you're lucky, your... —  read more 

Customer service is suffering

its definitely cheaper for them to have 2 pt. the real question is how long will customers continue to deal with 2 people that dont know what they are doing instead of one that does. what position does this put best buy in when things return to... —  read more 

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Post ID:  @OP+19TZMlOK

Get out while you can

It doesn't take a genius to realize there's no future here. Best Buy will keep closing stores until only a skeleton of what it once was is left. They don't see a future in brick-and-mortar and that's patently obvious. Your best bet is to start... —  read more 

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Post ID:  @OP+19SKeUmz

Online shopping

Was anybody who was laid off offered to transition to an online shopping-related job? If that's the main reason for the layoffs, as the leadership keeps saying, why weren't the jobs that were created in the new sector offered to people before they... —  read more 

Is there a way to know?

Is there a way to know if my store will be among those closing? If anybody is reading this whose store previously closed, were there any signs ahead? What should I look for? First I was stressing over being laid off and now I'm stressing over that... —  read more 

I'm happy about my bonus

I really don't understand people. It's like Best Buy can't win with some of you, no matter what they do. I'm getting an extra $500 I didn't count on. That's a good thing in my book! Yes, there'll be layoffs. But there's always layoffs and not just... —  read more 

Bonuses masking layoffs

The media is full of headlines about bonuses and these “praiseworthy articles” have completely obscured the fact that the company is laying unspecified number of workers and cutting the hours. What can I say? Thanks for everything, but bonuses are... —  read more 

SEVERANCE

Does anyone know exactly what severance is like? I’m not expecting anything good to happen here. It can only get worse. I have been working here for a little over 9 years and I expect that it will be enough to at least serve me until I find... —  read more 

Ways of cutting business costs

I’m just an ordinary worker and I don’t understand much about running a business, but it’s generally not clear to me whether laying people off is the only way for a company to cut costs. I understand that cutting costs is sometimes necessary, but do... —  read more 

Best buy #578 victim

No care for employees that were affected. they are just motivating the part timers to become what we worked to be over the years. No care from higher ups. They just read whats on thier paper and tell you to get out. I'm pretty sure people who... —  read more 

The easiest paycheck ever?

Greed is not uncommon for any company, however... given the general situation in this company, using layoffs as the “most innovative” way of cutting costs, not taking any special strategy to get the company back on track - I wonder if our superiors... —  read more 

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Post ID:  @OP+19m4bTsB

Are layoffs continuing?

Do we know yet if layoffs are continuing today and tomorrow or has everybody been notified already? I'm going to assume they're not planning to drag this out into the next week, but it's entirely possible it'll take a couple of days to let everybody... —  read more 

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Post ID:  @OP+19mK78sR

Reorg news coming Feb. 10th

My store was selected to run a "pilot" model for just about a month. The stores were supposed to be curbside ONLY but the GMs at the pilot stores pushed back on that because they didnt want to deal with p-ss-d off customers. So we limit "" the stores... —  read more 

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Post ID:  @OP+19aaxcl1

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