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Best Buy to cut 2,400 jobs, including 600 at Geek Squad [View all]
Source: Reuters
Best Buy to cut 2,400 jobs, including 600 at Geek Squad
By Brad Dorfman
Fri Jul 6, 2012 5:24pm EDT
(Reuters) - Struggling electronics retailer Best Buy Co Inc plans to cut about 2,400 jobs -- 1.4 percent of its workforce -- including 600 Geek Squad technicians, a spokesman for the company confirmed on Friday.
The latest cuts come on top of jobs associated with 50 store closings announced in March, spokesman Bruce Hight, said.
The Geek Squad cuts comprise about 3 percent of that unit, whose technicians install and service electronics in customers' homes. The other 1,800 cuts are store positions.
The world's largest electronics chain has seen sales fall seven of the last eight quarters at stores open at least a year -- a key measure for retailers.
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By Brad Dorfman
Fri Jul 6, 2012 5:24pm EDT
(Reuters) - Struggling electronics retailer Best Buy Co Inc plans to cut about 2,400 jobs -- 1.4 percent of its workforce -- including 600 Geek Squad technicians, a spokesman for the company confirmed on Friday.
The latest cuts come on top of jobs associated with 50 store closings announced in March, spokesman Bruce Hight, said.
The Geek Squad cuts comprise about 3 percent of that unit, whose technicians install and service electronics in customers' homes. The other 1,800 cuts are store positions.
The world's largest electronics chain has seen sales fall seven of the last eight quarters at stores open at least a year -- a key measure for retailers.
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Read more: http://www.reuters.com/article/2012/07/06/us-bestbuy-jobs-idUSBRE8650ZD20120706
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