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Best Buy's 2012 Layoffs Reminiscent Of Circuit City's 2007 Layoffs

July 9, 2012

On July 6, 2012, various media outlets finally confirmed what Seeking Alpha readers have known since July 3, 2012 - Best Buy has started to lay off its workforce. As first described, experienced field service technicians are being cut by the company and whatever morale was left "just fell off a cliff." Of course, based on the number of Best Buy employees that have joined LinkedIn over the past three months, the company's formal layoff announcement probably confirmed what many "blue shirts" already knew

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