Best Buy to layoff massive amount of staff Saturday

It seems that we're still not through the worst of the current economy woes, folks. According to Gizmodo, retail chain Best Buy will lay off a lot of staff, beginning tomorrow. The news has come from two independent sources, calling the lay offs both "huge" and "massive".

The company will apparently be targeting "Salaried management positions (GMs, Sales Managers, Operation managers, etc,) will be looked at being cut...It's a nation-wide [cutback] to further reduce overhead, and the stores have already been prepped for it, but announcements will happen tomorrow. Many cuts are being given the opportunity to drop to $12/hr, but maintain a position," according to Gizmodo's sources.

Store managers were told the sad news today, and the event will take action tomorrow. If you're a Best Buy employee, you'd better leave your happy face at home tomorrow.

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