Originally published on Dec. 22, 2008 at www.timpconnelly.wordpress.com
Best Buy is taking a beating from this recession and layoffs – er, sorry, I mean “headcount reductions” – are necessary to keep the ship afloat long enough to take advantage of what promises to be a much improved marketplace position on the other side of the downturn.
So here we go. HR and finance people will do the math around employees who opted for the sweetened buyout package (25 percent enhancement on a temporarily more robust regular severance package), intentions for which must be declared by Jan. 5. Then they’ll see what (i.e. who and how many) needs to be cut to reach the overall savings objective.
But wait! There’s more …
Why Best Buy? If you’ve read my About page, you’ve seen that my day job is internal brand communications at Best Buy. It’s my livelihood. Yeah, I guess you could say it’s my passion. My team and I are working to get all 160,000 of our dedicated employees marching in the same customer-centric, service-oriented direction, providing a consistent and unbeatable shopping experience for consumer electronics consumers across the U.S. — and increasingly, the world (we have operations in Canada, the U.K., Mexico, China and Turkey). For an indication of how we’re doing, see the ticker at right. The links on this page are pretty much all I have to say about that.
