Best Buy cuts go deeper

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By Tom Webb, Pioneer Press

Best Buy laid off 2,400 employees this week, as a changing retail industry is forcing the electronics giant to make deep and painful cuts.

The Richfield-based company said it gave layoff notices to 1,800 store employees nationwide, along with 600 members of its Geek Squad service team. The actions announced Friday, July 6, were part of a larger streamlining plan, aimed at keeping Best Buy competitive against a new generation of rivals.”

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