The CE specialty chain employs several thousand workers at its corporate offices in the Minneapolis suburb of Richfield, Minn.
The layoffs, which took place in recent weeks, follow a hard-fought holiday season in which the retailer experienced ho-hum net and comp-store sales. Best Buy is scheduled to report its fourth-quarter and full-year results on Thursday.
President/CEO Hubert Joly cut 400 headquarters jobs in 2013 as part of his Renew Blue turnaround and belt-tightening plan, on top of another 400 corporate and support positions that were culled the prior year by his predecessor Brian Dunn in an effort to trim costs.
The new headquarters jobs include 26 “corporate career” posts that range from web design and cyber security to Geek Squad services development and strategic planning.
- 2019 TWICE Top 100: Watch List - May 23, 2019
- 2019 TWICE Top 100: Consumer-Direct Sales Dominate The Charts - May 22, 2019
- 2019 TWICE Top 100: Best Buy Keeps The CE Crown, But Barely - May 21, 2019