The 10% drop in stock price today tells you the mgmt will be reacting soon - belt tightening... The question is where and what they plan to cut.
Topics regarding layoffs at Best Buy
Best Buy has managed to eliminate literally all of the people who gave a damn about their jobs in the last year because of 1D. I’ve watched so many people who were dead set on staying with the company back out and run because of how many jobs... — read more
I'm hearing a lot of uncertainty, but looks like Mobile Sups are out, new floor lead position will open as a key carrier, some VPL positions are gone, Home Theater SUP gone, lead positions are being limited per rev band stores. Lots of jobs at... — read more
Best Buy will be announcing layoffs for several thousand people beginning in July 2019. This is not announced publicly yet but people should know about it. Most job positions have been frozen from hiring and every store in the company will be... — read more
Please do not have it be layoffs. We've had folks try this here at Best Buy and it does not work. Invest and develop talent, that works.
I keep hearing that several area in IT had layoffs and contracting firms are reworking contracts. The new CDO has caused major budgeting issues and most still don't know what the direction is for 2019. This is concerning since they only have until... — read more
Best Buy somehow survived amazon
Is this going to be an interesting year as it relates to Best Buy Layoffs in 2019?
At least it's not as bad as Sears, which closes 50 stores at a time... Best Buy shoppers will no longer have the option of going to Howell: the store is set to close in November, a spokesman confirmed Thursday... — read more
Best Buy will be closing its location near Great Northern Mall in Clay later this year. Jeff Shelman, a spokesman for the electronics company, told CNYCentral on Monday that they decided not to re-sign the lease for the property on Route 31... — read more
Another closing announcement today, this time it's Best Buy at the Alcoa Crossings shopping center in Benton. I'm starting to get worried about the number of announcements we've been getting lately. Looks to me like Best Buy has decided to close a... — read more
After mobile stores, Best Buy is now closing regular stores as well. Best Buy Co. Inc. will close its store at the Mall of America this summer after a 10-year run at the Bloomington megamall... — read more
Was to "Reduce Best Buy's Footprint" Meaning cost reduction by decreasing their store size while maintaining a presence, so now even that isn't enough. — read more
Frankly, I can't see fault in this decision even if I do feel for all the people who will be laid off as a result of this. Most of the people who buy things here have a regular Best Buy close enough that this will not result in losing their business... — read more
Just found out that one of the merchant analysts had a career in adult films while in college. Why in the hell she used her real name is puzzling. Private Society Kansas City. Initials are MM.
164 stores closing in 2018. It's under shared documents for those of you with a corporate laptop. Check it out before they move it.
Do not worry too much, I am one of those who is always optimistic - things will pan out good and we will not have layoffs here in Richfield.
Best Buy is closing two more stores, so the carnage continues. Inver Grove Heights store and one of Blaine stores (the location off of Highway 65.) Both stores will close at the start of October... — read more
Not really surprising, but more Best Buy stores are closing. This time it's Auburn store at the end of October. I know we have been holding on better than most, but this is starting to become scary. Nearly 30 people at the store will be looking for... — read more
Corporate came in tonight and announced the Wentzville, MO store is closing (but don't tell the customers or they won't buy the extended warranty). They say the rent is increased and tired of fighting with the landlords! This location has beaten... — read more
They are not giving us other jobs, we have to reapply, as if, we were new employees. And most of the jobs are part time sales, in store. So if you were making $18 hr fixing computers, you have to apply, if accepted, go through an interview for $9 hr... — read more
10% staff reduction all NY area stores
So, Best Buy is eliminating 400 positions and offering those workers other jobs...I am just wondering how many will be able to move to accept those new positions, and how many will just end up out of a job after all... But at least they have the... — read more
I'm getting reports from Agents that layoff calls are happening now. Apparently jobs are going to Puerto Rico.
Best Buy to rehire, restaff solar project team a year after eliminating the positions. Labor force to be increased by 2100 jobs at a full time capacity. Territory staff sees move as positive to the look and feel of the stores as quality of... — read more
Corporate attributes the closing to several things. The blame high rent, changing shopping patterns etc. I just think it is more of Hubert cutting jobs without regard to local circumstances. If you work at a small market Best Buy.... BEWARE!!!! You... — read more
Anyone else see where this is heading... Tommy Millner, now CEO of Cabela's, has a history of taking over companies that soon come up for sale: First company (Pilliod Cabinet Company) - sold to Ladd Furniture:... — read more
My husband is working for the company and he's very concerned that job cuts might be coming and that he may lose his job. He works in Richfield.
Been with Best Buy for over 15 years now, I can tell you that I have seen both ups and downs with Best Buy. Each time we get to a spot that seems to work, we change (sometimes good or bad). I hate seeing people leave but I have to say a lot of times... — read more
Been working in sales for 5 years (in IL now) and I’m sick of this culture. If you are going to push us to sell everything to everyone than at least be fair and put us on commission. Not that it would boost sales, though Best Buy struggles because of... — read more
I got laid off in 2012 when they first started the lay offs, I was loss prevention I would catch 2 to 4 people a day ,they decided not to have any one at the front if the store, stupid on their part,the first day no security up there 20 Dr dre beats... — read more
On a store level it all so depends on your GM and how well connected he or she is and how much they fight for the store. In my case, I went trough 5 GM's little over 3 years - now pause and think about it - 5 GMs...! On work-life-balance as some... — read more
The way this company handles business makes it very unstable. I realize that it is difficult to compete these days, especially with Amazon, but this constant restructures and downgrading drive away all the good managers and employees. With work-life... — read more
So, as far as I know, store in Topsham (about 40 people), two stores in Baltimore area (more than 100 jobs), and the one in Lawrence (60 people) to be closed soon. That's more than 200 people to be sacked, with the lame excuse that all of them can... — read more
Best Buy just needs to close, they don't treat people well and the type of store that they are is now obsolete.
Does anyone have any details on if bestbuy is going to restructure or not . I know they just laid off lots of geek squad people , but I have a feeling that more are on the way
So.....best buy decided to delete all day time project team positions as of May 1, 2016, to the tune of 450-600 employees. So this is just FANTASTIC, in the most sarcastic way possible. Project Team was created to do what the store could not. Which... — read more
As an employee who has worked at bestbuy for the past 9 years in the retail operations, this was the worst Holiday Season I have seen. I install HT systems currently. The stores in my area bombed this year. Don't believe any positive spin. People are... — read more