April 2020

Best Buy Will Furlough Around 51,000 Workers

The process will begin this Sunday for some full-time workers and almost all part-time workers. In a press release, Best Buy said health benefits will be given to furloughed workers for three months. CNBC reports that payment is continuing for 82 percent of Best Buy's full-time store staff. The electronics retailer has been shut down since late March, only offering curbside pickup. Despite the closings, sales are still strong and workers continue to be paid. According to CEO Corie Barry, Best Buy's online sales have jumped over 250 percent. Top executives will also take pay cuts, with Barry receiving 50 percent of her normal salary. For full and part-time workers who have been with Best Buy over a year, the chain said it will start a $10 million employee assistance fund.