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Best Buy cuts hundreds of store jobs as sales drop, according to reports

Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221.

Nicholas Kamm | AFP | beautiful pictures

Best buy is eliminating hundreds of jobs at stores across the country about two weeks after the company said it had seen weaker-than-expected sales, according to a Wall Street Journalal report.

The consumer electronics retailer made the cuts in the past week, the report said, citing people familiar with the matter.

Best Buy did not immediately respond to CNBC’s request for comment.

A company spokesperson told the Wall Street Journal that “with the ever-changing macroeconomic environment, including customers shopping more digitally than ever before, we have made adjustments for its team, including removing a small number of roles.”

This story is evolving. Please check back for updates.

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