April 11, 2021

Mafia World

Driving Fashion Quality

Best Buy Laid Off 5,000 Employees in Response to the Online Shopping Boom

2 min read

Fry’s Electronics wasn’t the only electronics retailer affected by COVID-19. The Wall Street Journal reported Thursday that Best Buy laid off 5,000 employees of its 102,000 employees in response to the pandemic-hastened rise of online shopping.

Best Buy CEO Corie Barry said in an earnings report that “online sales grew almost 90% to a record $6.7 billion and made up 43% of our total Domestic sales” in the 13-week fourth quarter of 2021 that ended on January 30.

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