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.

Read

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.