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Best Buy cutting 2,000 managers
The New York Post ^ | February 26, 2014 | James Covert

Posted on 02/27/2014 6:34:13 AM PST by 2ndDivisionVet

Best Buy has a major cost-cutting operation in the works, and the code word is “pink slip.”

The nation’s biggest electronics chain — which saw sales fall 2.6 percent during the Christmas selling season because of a price war with Amazon — has begun laying off thousands of midlevel managers nationwide as it girds for even more competition, The Post has learned.

After slashing hundreds of jobs at Best Buy’s Minneapolis HQ last year and closing unprofitable stores, CEO Hubert Joly is now swinging the ax across the retailer’s 1,056 US big-box stores and regional offices, according to insiders briefed on the plans...

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: bestbuy; economy; layoffs; unemployment
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More folks free to pursue their hobbies, become artists, dancers and poets...
1 posted on 02/27/2014 6:34:14 AM PST by 2ndDivisionVet
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To: 2ndDivisionVet

flexible strikes again!


2 posted on 02/27/2014 6:36:27 AM PST by no-to-illegals (Scrutinize our government and Secure the Blessing of Freedom and Justice)
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To: 2ndDivisionVet

And this is just the middle-management folks. One story I read this morning predicted further layoffs at the store level.


3 posted on 02/27/2014 6:36:58 AM PST by Alex Murphy ("the defacto Leader of the FR Calvinist Protestant Brigades")
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To: 2ndDivisionVet

so many people go there to ask their experts all kinds of about a camera or something, then they go out and buy it online.


4 posted on 02/27/2014 6:41:56 AM PST by MNDude
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To: Alex Murphy

That’s what I learned during my time in retail.

Until they pull the plug, they will always need somebody to show up in the morning with a key and open the door.

But when they get in a bind, home office becomes an absolute bloodbath.


5 posted on 02/27/2014 6:42:36 AM PST by Buckeye McFrog
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To: 2ndDivisionVet

Have you ever tried to find ANYONE at a Best Buy to help you? Who knew they had managers?


6 posted on 02/27/2014 6:44:18 AM PST by freeangel ( (free speech is only good until someone else doesn't like it)
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To: 2ndDivisionVet

I don’t see Best Buys still being in business in two years. They’ve been losing money for quite some time now.


7 posted on 02/27/2014 6:44:24 AM PST by circlecity
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To: 2ndDivisionVet

BB will soon be history


8 posted on 02/27/2014 6:45:17 AM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: 2ndDivisionVet

Jam that up obama’s obama.


9 posted on 02/27/2014 6:58:52 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: Alex Murphy

This has got to be the biggest joke of the year. The last time I was in Best Buy it looked like NOBODY worked there. Customers were standing around looking for someone to assist them and employees would just walk by doing nothing.

Their service is about a bad as it gets. It’s hard to get timely service when there is a store fully of customer and a very limited staff to service them.

What does Best Buy management do, cut the staff. Brilliant move, less staff less service to a business that has really, really poor service now, brilliant just brilliant.


10 posted on 02/27/2014 7:01:26 AM PST by chiefqc
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To: chiefqc

I have probably only been in a Best Buy once over the last 3 years. To be honest, my experience was top notch. The salesman was helpful, even getting a ladder to get the microwave I wanted off the top shelf. A good kid. A real hustler. Although I’m a committed online shopper, I’m sorry to see this story as I know some good people will surely be losing jobs.


11 posted on 02/27/2014 7:05:53 AM PST by old and tired
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To: chiefqc

Our local Best Buy has pretty good customer service. If they see you lingering for a minute or so, someone comes and asks if you need help.
I got some good information from a young lady who works there.
Maybe it was the particular department in the store, or perhaps the “your mileage may vary” adage applies.


12 posted on 02/27/2014 7:16:47 AM PST by FreedomOfExpression
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To: old and tired

Only saving grace is the Geek Squad.


13 posted on 02/27/2014 7:19:46 AM PST by vortec94
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To: 2ndDivisionVet

Wiki says BB has 180,000 employees.
Way more than I would have guessed.


14 posted on 02/27/2014 7:22:17 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: vortec94

You have *got* to be kidding me. They have yet to be able to fix anything I’ve ever brought them. The only thing they’ve been any good at is verifying, “Yup, it’s broken!”


15 posted on 02/27/2014 7:26:06 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: vortec94
Only saving grace is the Geek Squad.

My typical Geek Squad experience.

"Uhhh...your computer is broken. It will cost approximately $1746.93 to fix it. Why don't you just buy a new one? We have a lovely selection right over here...


16 posted on 02/27/2014 7:28:55 AM PST by Buckeye McFrog
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To: MNDude
so many people go there to ask their experts all kinds of about a camera or something, then they go out and buy it online

... which is not just unethical, it's arguably theft.

17 posted on 02/27/2014 7:28:58 AM PST by glennaro
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To: circlecity
I don't see Best Buy being in business in two years.

So much of what they sell is obsolete. Up until about five years ago, it was worth the drive because if I needed something they sell, I'd also browse their CDs and DVDs. Then they cut down selection as less people buy those things.

Last time there, I couldn't get reasonable answers to basic questtions about purchasing a radio. It's like they stopped training sales people.

18 posted on 02/27/2014 7:33:51 AM PST by grania
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To: vortec94
Only saving grace is the Geek Squad.

The Geek Squad sucks!!!

They are way overpriced and wind up sending virtually everything off site when it requires a hardware issue.

Tried to get me to buy a new machine instead of taking my cracked laptop monitor in for repair.

They had previously replaced it under warranty, but the hold down screws were over tightened resulting in the screen cracking again.

They wanted $400 for the repair. Had it done by a local guy for $125.

It was not my first run in with them, but it was my last.

19 posted on 02/27/2014 7:35:10 AM PST by Focault's Pendulum (I live in NJ....' Nuff said!)
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To: FreedomOfExpression

You may be correct, perhaps it was that day at that store which colored my view.

I suppose I should not have been so quick in my judgment to paint a picture with such a wide brush.

I stand corrected.


20 posted on 02/27/2014 7:36:51 AM PST by chiefqc
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