Reply #98: BestBuy Cuts 300 Jobs at Richfield HQ [View All]

[UpInArms]

http://wcco.com/topstories/local_story_093141037.html

(AP) Minneapolis Best Buy Co. Inc. said it gave layoff notices to about 300 workers at its Richfield, Minn. headquarters on Monday.

The layoffs amount to about 7 percent of the consumer electronics seller's corporate headquarters, spokeswoman Dawn Bryant said. It's about a half percent of Best Buy's total workforce.

She said the laid-off workers were not concentrated in any one job type.

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On Thursday, Best Buy said it would look for roughly $300 million in savings from its general corporate expenses this year, which ran to almost $6.1 billion last year. Best Buy has ramped up spending as it shifted stores to focus on certain customer segments.

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