Many Senior Consultants were let go and they had fat pipelines with $100,000s in play. Phones and laptops were confiscated from the Consultants on Friday, so the clients have no clue that they do not have a Consultant any more. This leads to complete... —  read more 

They do not want to pay for that help and that's the problem. And, if they complain about people now they will complain even more. Is the corporate trying to make us even more hated and do they want to generate even more complaints. Anyhow, that's... —  read more 

Hey corp folks - please communicate with this. Nobody knows what you are trying to accomplish, where is this taking us, what will happen in a month, a year or five years. Why so secretive? I actually think you have no clue abut this and you are... —  read more 

60%+ of the most knowledgeable staff have been terminated. Who will now handle complicated things? Where will the motivation come from? Many folks that are left working have no clue how things work. Who will bring the up to speed? The ASM?

Best Buy will layoff 'hundreds' of workers across more than 900 stores - with staffers who specialize in selling computers and smartphones the first to... —  read more 

Best Buy has been laying off people from stores for a while now. I'm guessing the goal is to reduce the number of locations and move to online sales as much as possible. I believe we're looking at store closings like none before down the line... —  read more 

I used to work at best buy until the company had decided to liquidate a few positions in the store I was at. Laughable at best they did it just before we had recieved our bonuses/staff party and to top it off the managers of the winning district... —  read more 

They let me go today in ontario (part-time, permanent), and I received pay in lieu of notice but no statutory severance, because I had worked less than a year.

It's annoying how little transparency there is about this whole thing.

Massive Layoff this Wednesday morning?

This company looks desperate. I can already see the leadership blaming the bad results on pandemic, inflation, whatever, although in my opinion they only have themselves to blame. Isn't that so? I hope you are all polishing your resumes and... —  read more 

Project Team will be restructured to eliminate redundant positions. Geeksquad deep labor cuts to core positions. Outsourcing help to third party staffing. Corporate headcount reductions in store support and Geeksquad support. Outsourcing to third... —  read more 

We just got word that best buy is shutting down all us based support contracts . Come January all over the phone support will be handles by call centers located outside the united states , even the much touted total tech line. So mid holiday season... —  read more 

This is a generic discussion thread to capture comments about potential Best Buy layoffs? Any chatter, news or rumors?

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 

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 

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 

How is this not in the financial news? Best Buy lays off thousands of people and yet the markets are unaware? How did they manage to scrub this data from the news? Sorry for those who lost there jobs. Hang in there. For those who survived the cut... —  read more 

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 

I’ve been a supervisor the last four years. I just got eliminated yesterday, my gm decided to choose me. Want infuriated me is that I got absolutely no warning at all. I’ve been on leave of absence since July 7th recovering from a surgery I was... —  read more 

Corrie Bary, running the damn company like a CFO CEO, Numbers and bottom line. She doesnt care about the Workforce at all. It's been nothing but, do more cover every damn department and know every damn thing a customer is going to need to know and... —  read more 

Seems like it’s a 15-20% cut. Mostly low level supervisors and Sales consultants ( Magnolia and Pacific formerly ). The endgame seems to be to become a system of distribution centers with online storefronts, using geek squad services as their... —  read more 

What to expect???

if you look at the earnings preview, things are far from perfect. If results are as as bad as I fear they'll be, we might be looking at some major cuts. I'm usually not the one to panic or cry layoffs, but I believe there is a reason to worry this... —  read more 

Another day, another closing. The latest victim is Meriden Mall location in Meriden, CT. I went through the posts here and I see at least a few other stores that have closed in the last few months missing, including Best Buy Lufkin in Lufkin, TX... —  read more 

https://www.bizjournals.com/baltimore/news/2021/09/01/arundel-mills-best-buy-closing-oct30.html

I understand the company is pivoting online, but getting rid of people before that is a reality and while we are highly understaffed at stores is really not a good idea. Refusing to backfill positions when those of us who are still working are... —  read more 

Another location gone...I wish there was a full list somewhere. The shutdown fits with the chain’s reported pattern of quietly closing locations and an announcement a few weeks ago that it was cutting 5,000... —  read more 

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 

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 

Are the 5,000 jobs being cut only in retail? Were any jobs at HQ or in Corporate cut?

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 

This is good news. I'm tired of layoffs and store closings being rewarded with stock increases. Maybe if there are some repercussions, they won't be so quick to do it next... —  read more 

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 

There is no point in laying off full time employees and adding new part time positions, other than reducing the amount of employees who are eligible for benefits and protections. Some people try to convince me that it is actually about flexibility... —  read more 

https://amp.cnn.com/cnn/2021/02/25/business/best-buy-store-closures-workers/index.html

What a joke... Because of the surge in sales, some say that Best Buy is actually a “pandemic winner”. Obviously, everyone is a winner except ordinary workers who lose their jobs and whose hours are cut. I would be ashamed to be a “pandemic winner”... —  read more