Best Buy Lays Off 600, More to Follow

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Updated. Best Buy is laying off about 600 of its Geek Squad employees, which amounts to about one worker per store, or about 3 percent of the 20,000-strong Geek Squad workforce.

Best BuyAdditionally, the chain will eliminate another 1,800 store employees, reports Market Watch.

The new layoffs are part of Best Buy’s turnaround plan announced earlier. They are on top of layoffs resulting from Best Buy’s plan to close 50 stores (as those layoffs were mainly completed in May), said The Wall Street Journal.

Separately, Best Buy opened a new Connected Store in Richfield, MN.  The new Connected Stores are smaller and feature a central help desk (manned by Geek Squad members) and will include newly designed car audio departments.  These stores, now being tested in 2 markets, are part of the chain’s turnaround strategy.

While all Connected Stores going forward will include new car audio (mobile electronics) departments, the new Richfield store does not have a new car audio department.

“The new mobile electronics department design was not completed in time for the Richfield  remodel (the Richfield store opened a couple of weeks ago). The new mobile electronics dept. design will go into the new store formats moving forward,” she said.

Best Buy would not reveal specifics on the new mobile departments, but we’re watching out….

Source: Market Watch, The Wall Street Journal, Best Buy

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