Best Buy Cuts 2,400 More Jobs

Best Buy Co., the largest U.S. electronics retailer, is cutting 2,400 jobs, or 1.4 percent of its total, as the retailer seeks to cut costs amid increased competition from online retailers and lower sales of its bread-and-butter televisions and notebook computers.

About 600 of the jobs will be from its 20,000-person Geek Squad service and repair unit with the other 1,800 coming from store staff. Best Buy has a total of 167,000 employees.

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