http://www.marketwatch.com/story/best-buy-cuts-2400-jobs-2012-07-06
Best Buy Co the largest U.S. electronics retailer, is laying off a total of 2,400
store and Geek Squad tech support employees. About six hundred of the
jobs will be from its 20,000-person Geek Squad unit with the other 1,800
coming from store staff. Best Buy has a total of 167,000 employees.
"These changes were previously announced as part of the leadership
team's ongoing turnaround plan," Best Buy said in a statement on Friday.
Employees were notified about the job cuts this week. Best Buy shares
dipped 0.6%. They've lost a third of their value the past year.
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