Employees are losing their jobs. The IT sector is in a severe crisis across the globe. No one knows when employees would get a pink slip. The layoff practice started in America had spread to India as well. In the middle of growing inflation and global recession, American retail giant Best Buy also decided to sack hundreds of employees.
However, Best Buy did not announce the count of employees who were removed. However, media reports say that hundreds of employees were removed from various stores of Best Buy.
It is said that Best Buy said in its orders that employees in consultant' roles can reapply for internal jobs or else they can leave their jobs. "We are evolving our stores. We have decided to offer better services for shopping. We will continue only our better teams," Best Buy said in a statement.
Best Buy which is a retail giant has more than 90000 employees in America and Canada. Around 58 percent of the employees are full-time employees.
Last month, behemoth Walmart which is another giant in the retail sector announced layoffs. It said that as part of adjusting the staff across the United States, it is removing hundreds of people from the e-commerce facilities.
Amazon, which is a rival of Walmart, sacked 27,000 employees in two phases. Amazon is in plans to reduce the total cost by over $3 billion in the coming three years.
It is a big concern as the layoffs have started in the retail sector as well. It appears that the layoff practice has spread to other sectors as well.
However, Best Buy did not announce the count of employees who were removed. However, media reports say that hundreds of employees were removed from various stores of Best Buy.
It is said that Best Buy said in its orders that employees in consultant' roles can reapply for internal jobs or else they can leave their jobs. "We are evolving our stores. We have decided to offer better services for shopping. We will continue only our better teams," Best Buy said in a statement.
Best Buy which is a retail giant has more than 90000 employees in America and Canada. Around 58 percent of the employees are full-time employees.
Last month, behemoth Walmart which is another giant in the retail sector announced layoffs. It said that as part of adjusting the staff across the United States, it is removing hundreds of people from the e-commerce facilities.
Amazon, which is a rival of Walmart, sacked 27,000 employees in two phases. Amazon is in plans to reduce the total cost by over $3 billion in the coming three years.
It is a big concern as the layoffs have started in the retail sector as well. It appears that the layoff practice has spread to other sectors as well.