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
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
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
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
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
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
Well that’s absurd. I’m safe now, but when my colleague who trained me didn’t show up - it completely overwhelmed me. There was certainly no better worker in our store. No doubt, they were not at all guided by who was the better worker. To them we... — read more
I was told, along with 5 others that we would not be getting cut the other day. But also not to celebrate just yet because more layoffs MIGHT be on the way around the end of February. This was told to me by both my supervisor and GM.
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
Get ready for a massive layoff round Friday morning.
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
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
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
Best Buy to cut undisclosed number of workers as shopping behavior changes amid COVID-19 Best Buy is cutting an undisclosed number of jobs at some stores, The Wall Street Journal reported Wednesday, citing sources familiar with the... — read more
A lot of FTers being laid off today. Some being offered PT and if they don't take it, they don't get severance. Not positive on that but that is what at least one employee was told.
Best Buy is already starting, or have started, it's layoffs.
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