Best Buy cut 5,000 jobs despite soaring sales during pandemic

News

A Best Buy store sign is displayed in Arlington Heights, Ill., Saturday, Feb. 6, 2021. (AP Photo/Nam Y. Huh)

Frost Advisory, Freeze Advisory, Fire Weather Warning - Adam Krueger

VERDICT: DEREK CHAUVIN FOUND GUILTY ON ALL THREE COUNTS

VERDICT REACTION - Shannon LaNier

Mars "Ingenuity" Helicopter Reaction Follow w/ Jim Reuter

DC Rep. Bush - Chauvin Verdict Reaction

DC Rep Bass - Chauvin Verdict Reaction

DC Speaker Pelosi - Chauvin Verdict Reaction

DC Beatty - Chauvin Verdict Reaction

VERDICT: DEREK CHAUVIN FOUND GUILTY ON ALL THREE COUNTS

valet careers

Future Of Transportation Services

Star Harvey with Ashley Ruiz CW39 9-10am

Winter Storm FEMA Assistance

Action Day! - Star Harvey

NEW YORK (AP) — Best Buy said Thursday that it laid off 5,000 full-time store workers earlier this month, even as the company’s sales soared during the pandemic as homebound people bought laptops, TVs and other gadgets.

The company said it cut the jobs because more shoppers are choosing to buy online instead of coming inside its stores.

Best Buy said it will replace the 5,000 full-time employees with 2,000 part-time workers.

Best Buy’s workforce has shrunk in the last year after having to furlough workers when it closed stores during the pandemic.

It currently has more than 100,000 workers, down by 21,000, or 17%, from the year before.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Popular

FEATURED STORIES

More Featured

NO WAIT WEATHER + TRAFFIC

More NO WAIT WEATHER + TRAFFIC

CRIME

More Crime

Local Headlines

More Local

Don't Miss