Best Buy said it is laying off 2,400 employees this week, including roughly 600 members of its Geek Squad customer service unit and another 1,800 store employees. The announcement came Friday as the Richfield-based electronics chain said that the layoffs were part of a companywide restructuring plan announced in March.
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Best Buy lays off 650 Geek Squad employees nationwide
Best Buy will lay off 650 employees nationwide in its Geek Squad division, KARE 11 says. Company officials said that the Geek Squad positions that service appliance, TVs and computers in customers' homes will be eliminated.
Verizon teams with Best Buy's Geek Squad
Verizon Communications Inc. will start offering new services from Best Buy's Geek Squad. The new IT Help Desk is designed for small and mid-size business customers. The announcement comes after the Richfield-based electronics giant said it would lay off 650 Geek Squad workers, but hire 500 more specialized agents by the end of the year.
Best Buy to add 500 new Geek Squad agents by end of year
A week after Best Buy announced it would be cutting 650 Geek Squad jobs in August, the Richfield-based company said Friday it will hire 500 new Geek Squad agents by the end of the year. Best Buy said the new hires will require broader skill sets, concentrate on small businesses and the company's next generation Connected Stores, and less on basic home installations.
Fourth top executive leaving Best Buy in less than two months
CFO Dave Deno is the second top executive to announce his departure this week from the troubled Richfield-based electronics retailer. CMO Barry Judge resigned Wednesday. CEO Brian Dunn stepped down last month amid an investigation into his personal conduct and Geek Squad founder and CTO Robert Stephens left in March.
Best Buy chief marketing officer resigns
Barry Judge is the third executive to depart the Richfield-based electronics retailer this year. Former Starbucks executive Stephen Gillett is expected to take over his role. The Pioneer Press reports the resignation is not related to former CEO Brian Dunn, who stepped down in April amid an internal investigation. Geek Squad founder Robert Stephens also left Best Buy in March.
Best Buy CEO: We'll rise despite upheaval
After a series of bombshells that have shaken the company, Best Buy's interim CEO is trying to reassure employees that the electronics retail giant will rebound and rise again. "This has undoubtedly been the most difficult period in Best Buy's history," G. Mike Mikan said in a video message to employees Tuesday, the Pioneer Press reports.
Best Buy chairman resigns early, may sell stake
Founder Richard Schulze is stepping down from the board of directors sooner than planned in order to explore options for his 20.1 percent ownership stake. Last month, Schulze announced he would resign on June 21 at the company's annual meeting. An investigation found he knew that former CEO Brian Dunn was having an inappropriate relationship with a female employee. Schulze, the founder and outgoing chairman, has been with the Richfield-based electronics giant since its debut in 1966 and is the company's largest shareholder.
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