Best Buy to lay off 2,400 workers

Best Buy Layoffs 2012

Best Buy plans to lay off approximately 2,400 employees according to a recent report. Dow Jones Newswires on Friday reported that Best Buy will soon dismiss as many as 2,400 workers including 600 Geek Squad representatives. Best Buy acquired Geek Squad, its PC repair arm, in 2002. “We are working to minimize the impact of the changes on employees while building the foundation for a strong future,” a Best Buy spokesperson told Dow Jones Newswires. Best Buy had 167,000 full-time employees at last count, including about 20,000 Geek Squad reps. The company announced during its fourth-quarter earnings call that it planned to close 50 U.S. stores as part of a cost-cutting effort.

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