Best Buy Co. Inc. apparently told about 2,000 managers around the United States on Wednesday that they were being laid off, a move that would be the company’s biggest job reduction since July 2012 as it continues to cut costs following a weaker-than-expected holiday season. 
The layoffs will affect about 1.4 percent of Best Buy’s 145,000-person workforce, the Star Tribune learned. The news came a day before the company’s scheduled announcement of fiscal fourth-quarter results. The Richfield-based electronics retailer is expected to report a profit of about $1 per share, a reversal from a loss of $1.21 a share a year earlier.
Chosen excerpts by Job Market Monitor. Read the whole story at Best Buy job cuts target 2,000 managers around U.S. | Star Tribune.
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