Business & Tech

Best Buy To Cut 1,800 More Jobs

The company announced Friday that it would cut more jobs as part of its turnaround efforts.

After announcing it would late last week, Best Buy confirmed 1,800 other store workers would also be cut. The announcement came Friday.

According to Business Week, Best Buy spokesman Bruce Hight said the layoffs are part of the company's "ongoing turnaround plan."

after another quarter of downed profits and shortly after saw its CEO, .

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Since March Best Buy has also vowed to trim corporate employees and cut $800 million in costs over the next three years. A handful of other high-level executives have also left the company, with Best Buy's founder, .

, interim CEO Mike Mikan said in addition to aggressive cost cutting initiatives, improving the customer experience in the stores and online was a key to success. The to fit the new . The new model and plans for more employee training will hopefully enable workers to keep sales in the store.

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The company is still in the process of searching for a new CEO.

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