Layoffs coming to Best Buy

[paparush]

Tomorrow might not be the best day to go to Best Buy, as two independent sources (one of which we've used in the past) have warned us of extensive store-level layoffs. UPDATE

One industry source described the firings as "huge," the other as "massive." I think we get the point. In the wake of Circuit City's death, Best Buy is firing a lot of store-level employees starting in meetings at 7am tomorrow morning (which is not a huge surprise, as 4,000 members of Best Buy corporate-level have already been offered buy-outs).

Apparently, store management was informed today. The unlucky employees to be fired will be informed tomorrow (Saturday).

UPDATE: One source has updated that "Salaried management positions (GMs, Sales Managers, Operation managers, etc,) will be looked at being cut...It's a nation-wide to further reduce overhead, and the stores have already been prepped for it, but announcements will happen tomorrow. Many cuts are being given the opportunity to drop to $12/hr, but maintain a position."

http://i.gizmodo.com/5207693