Best Buy closing 50 stores, cutting down jobs

The popular electronics retail chain Best Buy has announced the closure of 50 stores following another unimpressive quarter and concentrate on smaller stores selling mobile electronics.

In a press release, Best Buy CEO Brian Dunn described the move as “major actions to improve our operating performance” .

best-buy-store

Image Credit: digitaltrends

The employees affected by the Best Buy job cuts will be 400 individuals in the corporate and support areas.

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