Best Buy just laid off 51k workers

[old pig]

Go for it breh. Maybe she has since had an attitude adjustment

This your best shot. When she runs through her stimulus, she gonna have to run through somebody's bed. It might as well be you

I’m putting together a stimulus package for her right now...thanks

 

[Toe Jay Simpson]

I’m not trying to be mean about this, but having worked there in college, there is a general arrogance Best Buy employees tend to give off that I do not mess with

You make the same money a Wal Mart worker makes

 

[CrimsonTider]

Best Buy is another dead in the water business model, that is ridden with debt, and no way to ever pay back the creditors. There is no way to make money with this business model going forward. There is no difference between Circuit City and Best Buy. All the Big Box stores, that aren't Target, or Wal Mart, are done.

Nah, they will be ok once things go back to normal

 

[WesCrook]

I always hated how Best Buy would have the shyt I wanted on their website but their stores would be filled only the high priced shyt.

Oldest merchant trick in the book

 

[BlackJesus]

Furlough is not the same as layoff numbnuts

 

[re'up]

Furlough often precedes lay offs, I remember it well from 2008. You get reduced hours, for a certain amount of time. It's unofficially a lay off, pretty much a purgatory. How long are you furloughed, before it becomes unemployed?

 

[BeeCityRoller]

Best Buy using furlough talk like they're a Government Entity"Best" believe those part-time employees will struggle to get shifts even every other week if they don't get laid off completely later on this year along with more store closures

 

[SleezyBigSlim]

Nah, they will be ok once things go back to normal

Nah more likely another giant electronics retailer will emerge. When I was a little kid it was Montgomery Wards and Sears, then Best Buy and Circuit City. In a regular economy there is room for this kinda retailer.

 

[EBK String]

When they start slashing prices to get rid of inventory

 

[Kyle C. Barker]

Change the damn thread title from laid off to furloughed

Thanks

- Best Buy Public Relations Team

 

[Sohh_lifted]

you guys really think all 51k of those people will get their job back? lol wow

 

[murksiderock]

Furlough does not mean laid off

they can claim unemployment while gone..and then get back to work afterwards

Furlough is not the same as layoff numbnuts

You guys do realize that the longer this pandemic is active, some of these physical stores won't survive?

This is just the logical chain reaction. Every individual unit isn't built to survive this climate, when you have 1000 stores you have individuals that are in the red and others that are barely treading above board. Typically as few as 10% of your highest performing units are responsible for the bulk of profit in many of these big box chains, whether retail or dining or hospitality...

I know of a large, popular restaurant company that is nationwide and has almost 700 national locations, that is in danger of losing 18% of its stores. As in, this restaurant chain went takeout only well over a month ago, and 18% of them may not reopen (a handful have already closed). Wasn't an article on this, it's a former employer that I still have ties to, is how i got the info...

Each unit of said restaurant employs about ~110 people on average, if 18% of these units close for good that is over 100 of the almost 700 pre-pandemic, and that's ~15,000 employees permanently outta work...

You can quibble on the specifics of "furlough" but that isn't a good sign at all if you're in a low performing market or unit!

 

[Sohh_lifted]

You guys do realize that the longer this pandemic is active, some of these physical stores won't survive?

This is just the logical chain reaction. Every individual unit isn't built to survive this climate, when you have 1000 stores you have individuals that are in the red and others that are barely treading above board. Typically as few as 10% of your highest performing units are responsible for the bulk of profit in many of these big box chains, whether retail or dining or hospitality...

I know of a large, popular restaurant company that is nationwide and has almost 700 national locations, that is in danger of losing 18% of its stores. As in, this restaurant chain went takeout only well over a month ago, and 18% of them may not reopen (a handful have already closed). Wasn't an article on this, it's a former employer that I still have ties to, is how i got the info...

Each unit of said restaurant employs about ~110 people on average, if 18% of these units close for good that is over 100 of the almost 700 pre-pandemic, and that's ~15,000 employees permanently outta work...

You can quibble on the specifics of "furlough" but that isn't a good sign at all if you're in a low performing market or unit!

preach, but this is TLR, dudes cant even tell the different between a woman and a transformer.

 

[Arithmetic]

Friday's unemployment numbers gonna be off the chain

 

[philmonroe]

Go for it breh. Maybe she has since had an attitude adjustment

Ain’t no need to gas dude that nikka got NO CHANCE word to Vince McMahons theme song.