Retail in Asia

In People

Best Buy to cut 2,400 jobs, including 600 at Geek Squad

Struggling US electronics retailer Best Buy Co Inc plans to cut about 2,400 jobs – 1.4 percent of its workforce – including 600 Geek Squad technicians, a spokesman for the company confirmed on Friday.

The latest cuts come on top of jobs associated with 50 store closings announced in March, spokesman Bruce Hight, said.

The Geek Squad cuts comprise about 3 percent of that unit, whose technicians install and service electronics in customers’ homes. The other 1,800 cuts are store positions.

(Source: CNBC)