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 workers always have to be the first target? Could Best Buy have tried to cut costs in some other ways as well?
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Seems that they are letting alot of full timers and now part timers go, in a middle of a pandemic I may add. I haven't got more than 10 hours a week and finding a job now is hilarious. Instead of laying folks off so they can at least collect unemployment they are just letting go. How rude!! Employees moral has sunk
For those that were laid off. Are you getting a severance package? I’ve worked for the company a little over 4 years and was offered but I know someone else that’s worked longer than me and he wasn’t offered the package 😳
I am sure that laying off employees is the fasted way to reduce expenses. I am sure that store leases are big expense too but reducing those takes time.
The biggest expense for a retailer is labor there fore the first thing they cut is payroll expense. Sad but true.