Phillip J. Schoonover

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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