Best Buy cuts hundreds of store jobs as sales soften, according to report

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

Nicholas Kamm | AFP | Getty Images

Best Buy is eliminating hundreds of jobs at stores across the country about two weeks after the company said it was seeing weaker sales than expected, according to a Wall Street Journal report.

The consumer electronics retailer has made the cuts over the past week, the report said, citing people familiar with the matter. The company had about 105,000 employees in the U.S. and Canada, as of the end of January, according to financial filings.

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

A company spokeswoman told the Wall Street Journal that “with an ever-changing macroeconomic environment, including customers shopping more digitally than ever, we have made adjustments to our teams that include eliminating a small number of roles.”

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