- Author of Waller's manuscript rewarded for helping feds (1/13/18)
- Police: Man dies from self-inflicted gunshot after standoff in south Cape (1/14/18)3
- Here's what's being built next to Chick-fil-A in Cape (1/18/18)1
- Word to your superintendent: Glass rocks Vanilla Ice parody to announce cancellation (1/13/18)3
- Jackson Area Chamber of Commerce recognizes commitment to community at annual awards banquet (1/13/18)
- Poultry in motion: 4-H participants take first in nation with barbecue skills (1/13/18)1
- City of Oran water rates violate state law, auditors find; report details financial-management problems (1/13/18)2
- Cape lands new summer-league baseball team; Capaha Field to see major upgrades (1/20/18)2
- 3 mayor candidates in Scott City; former mayor Porch files for council seat (1/18/18)
- Redhawk Food Pantry helping Southeast students, employees who need assistance with food, supplies (1/19/18)2
Best Buy plans to cut 2,400 jobs in turnaround effort
NEW YORK -- Electronics retailer Best Buy Co. is laying off 600 staffers in its Geek Squad technical support division and 1,800 other store workers as it seeks to restructure operations and improve results.
The cuts amount to about 1.4 percent of the company's total staff of 167,000.
Best Buy spokesman Bruce Hight said the layoffs are part of the company's "ongoing turnaround plan." In March, the company said it would implement a restructuring designed to trim $800 million in costs.
Since then, interim CEO Mike Mikan, who is in the running for permanent CEO, has vowed there will be "no sacred cows" as the company reviews its business.
Shares ended Friday down 15 cents at $21.59.