Best Buy Cutting 700 Jobs Amid Slowdown in Sales

Hundreds of jobs are on the chopping block at Best Buy, as the consumer electronics retailer grapples with slowing sales following a spike in demand during the COVID-19 pandemic.

The Canadian Press (CP) reported on Jan. 25 that the company is laying off approximately 700 employees, or 0.7 per cent of its total workforce.

The story was picked up by multiple news outlets, including Global News.

Anna LeGresley, a spokesperson for Best Buy Canada, told CP that the reduction comes as the retailer works to “support our stores and serve our customers.”

In addition to the job cuts, LeGresley said some staff members have been moved to different stores.

According to Best Buy’s Fiscal 2022 Annual Report, the company has around 105,000 employees in Canada and the U.S.

Canadian impact

It remains unclear how many Best Buy employees in Canada are affected by the latest round of cuts and if any stores will be closed.

Samfiru Tumarkin LLP has been contacted by several Canadian workers who claim that they have been laid off by the consumer electronics retailer.

“We are still assessing their initial severance offers before they accept them to ensure that they haven’t been wrongfully dismissed,” Lior Samfiru, national co-managing partner at Samfiru Tumarkin LLP told CP.

“Even when a business is experiencing difficulties, employers are legally required to provide full compensation.”

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