8/12, 8:15 PM (Source: TeleTrader)
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Best Buy-2.60%

Chart for: Best Buy Co Inc

Best Buy to slash jobs in a bid to reduce costs

Best Buy Co. announced Friday that it will cut jobs at stores nationwide as it seeks to reduce costs as its customers change their spending habits.

"With an ever-changing macroeconomic environment, including customers shopping more digitally than ever, we have made adjustments to our teams that include eliminating a small number of roles," said a company spokeswoman.

Best Buy has positions in other roles and keeps investing in areas of the business such as home services, health care, and retail, she said.

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