Retail giant Best Buy lays off hundreds of employees

SAN FRANCISCO, April 15 (VOICE) US retail giant Best Buy is laying off hundreds of employees amid high inflation and a global economic meltdown.

The exact number of employees laid off remains unknown, but the company has notified hundreds of employees at more than 900 US stores that their positions have been removed, according to The Wall Street Journal. .

“Employees with ‘consultant’ roles said they could reapply for other in-house jobs or receive severance pay,” the report said late Friday.

Many store clerks who specialize in selling more complex items, such as computers and smartphones, are referred to internally as “consultants.”

“We are evolving our stores and the experiences we offer to better reflect the changing shopping behavior of our customers and how our teams are organized,” Best Buy said in a statement.

The retail giant has more than 90,000 employees in the United States and Canada, 58% of whom are full-time employees.

Last month, another retail giant, Walmart, announced it was laying off hundreds of employees at its e-commerce facilities across the country as part of a staffing adjustment “to better prepare for the future needs of our customers.”

“We are working closely with affected employees to help them understand what career options are available at other Walmart stores,” a company spokesperson said in a statement.

Walmart rival Amazon will cut 27,000 jobs in two rounds, while another retail giant Target plans to cut total costs by up to $3 billion over the next three years.