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Best Buy cuts tons of of store jobs to shave costs: report

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Best Buy has cut tons of of store jobs across the US prior to now week, the Wall Street Journal reported on Friday, because the electronics retailer looks to cut back costs within the face of a requirement slowdown.

The job cuts include some staff who do jobs similar to helping individuals with purchase or plan their home-entertainment layouts, the report said, citing people accustomed to the situation.

Best Buy didn’t immediately reply to a Reuters request for comment.

The corporate had last month forecast a steeper drop in annual sales than previously estimated as consumers pinched by decades-high inflation lower spending on computers and televisions. 

Best Buy had about 105,000 employees in the US and Canada as of the tip of January.

Various corporations including technology firms and crypto exchanges have in recent weeks cut jobs and slowed the pace of hiring resulting from an uncertain economic outlook. 

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