Open Enrollment | Subscribe to Dealerscope HERE
Follow us on

Best Buy Lays Off 400 at Richfield Headquarters

February 27, 2013

Best Buy Co. laid off 400 employees Tuesday at its corporate headquarters in Richfield, the first major salvo in CEO Hubert Joly's campaign to transform the lumbering $50 billion giant into a more nimble retailer equally at home in malls and cyberspace.

Joly made the downsizing move just days ahead of what could be a crucial point in the company's 47-year history. Founder Richard Schulze faces a Thursday deadline to make an offer to buy the company. Schulze's decision will have profound consequences on the future of Best Buy



More Suggested Content:

Best Buy
Best Buy Cuts Headquarters Jobs
February 26, 2013 From News
Best Buy has announced plans to cut 400 jobs at its corporate headquarters in Richfield, Minn. The move is part of a cost-cutting effort meant to save $150 million in costs.
Best Buy
Best Buy Makes Price-Matching Permanent
February 18, 2013 From News
Best Buy will make permanent its policy, instituted during the holidays on a trial basis, of matching online prices, Bloomberg News reported over the weekend. 




Click here to leave a comment...
Comment *
Most Recent Comments: