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Best Buy Canada cuts 950 jobs

Vancouver, Canada -- As part of a restructuring Best Buy Canada will be consolidating sales departments and reducing management layers in Future Shop and Best Buy stores, resulting in the layoff of about 950 full-time employees across both Future Shop and Best Buy brands. All store employees were notified individually about these changes and those impacted were provided with severance packages.

“We have been focusing on simplifying our store structure and increasing efficiencies to better align with the changing needs of our customers,” said Ron Wilson, president and COO of Best Buy Canada. “We have seen our online sales grow by more than 50% in the past year and new services such as in-store reserve and pick up more than doubling. These changes in the way our customers are interacting with us have led us to look at how to best deploy our staff to meet those evolving needs.”

Best Buy Canada is the second major Canadian retailer to announce significant job cuts on Thursday, Jan. 30. Sears Canada also announced it would eliminate 624 store and mid-management positions.

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