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
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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.
