Insights For Success

Strategy, Innovation, Leadership and Security

Best Buy / Futureshop Canada laying off 950 employees

technologyEdward KiledjianComment
Image from OSDE8Info under Creative Commons License

Image from OSDE8Info under Creative Commons License

BestBuy is kicking off another organizational restructuring to "optimize its retail footprint" (link)

They have now announced another 950 full-time employee layoffs (from both BestBuy & Futureshop brands). They will be consolidating departments.

The company has said â€œWe have seen our online sales grow by more than 50 per cent in the past year and new services such as in-store reserve and pick up more than doubling. These changes in the way our customers are interacting with us have led us to look at how to best deploy our staff to meet those evolving needs.”