Best Buy Laid Off 5,000 Employees in Response to the Online Shopping Boom

Best Buy Laid Off 5,000 Employees in Response to the Online Shopping Boom

Fry’s Electronics wasn’t the only electronics retailer affected by COVID-19. The Wall Street Journal reported Thursday that Best Buy laid off 5,000 employees of its 102,000 employees in response to the pandemic-hastened rise of online shopping.

Best Buy CEO Corie Barry said in an earnings report that “online sales grew almost 90{2f36692215c92488191f15c49f485bc8da437d4cca01014075d40c79880301cc} to a record $6.7 billion and made up 43{2f36692215c92488191f15c49f485bc8da437d4cca01014075d40c79880301cc} of our total Domestic sales” in the 13-week fourth quarter of 2021 that ended on January 30.

Next Post

Dear Abby: Beloved wedding arch loaned to relative gets trashed, tossed out

Tue Mar 2 , 2021
DEAR ABBY: My daughter got married in a friend’s backyard three months ago. Her husband built an arch for the ceremony. He spent $285 on some very nice walnut, and they planned to keep it forever. With my daughter’s consent, my wife loaned it to a niece of hers. The […]
Dear Abby: Beloved wedding arch loaned to relative gets trashed, tossed out

You May Like