Best Buy Job Cuts Target 2,000 Managers Around U.S.

Best Buy apparently told about 2,000 managers around the United States on Wednesday that they were being laid off, a move that would be the company's biggest job reduction since July 2012 as it continues to cut costs following a weaker-than-expected holiday season. The layoffs will affect about 1.4 percent of Best Buy's 145,000-person workforce, the Star Tribune learned.