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Best Buy to slash holiday hires by 50%

Updated Dec 19th, 2018 7:30PM EST

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Best Buy will hire fewer temporary workers for the 2011 holiday season compared to last year, Reuters reported on Wednesday. The nationwide electronics retail chain will take on 15,000 new temporary employees, compared to the 29,000 it hired in 2010. Best Buy is not alone in its decision. Research from the management consulting firm Hay Group suggests that about 25% of U.S. retailers will hire fewer temporary employees this holiday season. “The consumer is being really careful about where he or she is spending the dollars, and I think that will continue through the holidays,” Best Buy CEO Brian Dunn told Reuters. Dunn said his company will carry the iPhone 5 and noted Best Buy expects tablets, smartphones and accessories for both to be a sales catalyst this holiday season.