This thread is for info about potential Best Buy layoffs? Any chatter, news or rumors?

Best Buy carried out another round of layoffs and job restructurings last week, with the company cutting some of its sales staff and reducing the pay for others, according to current and former employees who spoke with The... — read more 

Well there went the project team. It never felt like we were very appreciated anyway, but we’ve been completely dissolved. Good luck to all those project teams.

If you ever wonder about BB's character, just watch how they treat their customers. If that's how they treat their bread and butter, how they treat their staff will come as no surprise. My advice: Read the Hatchet Man's Playbook and/or just plain... — read more 

A friend of mine was let go last week and he told me he was one of many. They didn't even have the decency to do it face to face, he said. It was a call. This is all so messed up. I'm worried that the rest of us might be next, and soon. The folks at... — read more 

Just great, more layoffs announced, but expansion in India to relocate jobs and roles. To be fair why don’t we layoff US executives and off shore those jobs.

Walked into the Coral Springs, FL store today - literally the last day it was open, they didn't prevent anyone from going in, but a bunch of people inside were carrying out the last boxes, pretty depressing sight. Aside from the arrogant attitude of... — read more 

More staff cuts coming. Restructure Project Teams by eliminating positions deemed redundant. 3rd party taking over deployment team tasks.

This is a master thread about Best Buy layoffs? Any chatter, news or rumors?

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