Best Buy Cuts Geek Squad Workforce Amid Financial Challenges
SOURCENews reportView the filing ↗
What we know
Location: Minneapolis, Minnesota, USA.
Department affected: Geek Squad.
Based on news reporting.
Summary
Best Buy Co., Inc. has announced layoffs affecting approximately 200 employees within its Geek Squad division, as part of a broader effort to address financial challenges. The layoffs are set to take effect on October 1, 2023, and are a response to declining sales and increased competition in the retail sector. The company aims to streamline operations and reduce costs while continuing to provide essential services to its customers. This decision reflects the ongoing struggles faced by Best Buy in adapting to a rapidly changing market environment. The layoffs are expected to impact the Minneapolis area, where the Geek Squad team is primarily based.
LayoffTalk has tracked 10 layoff events at Best Buy Co., Inc. since July 2025, including 106 jobs documented in official WARN filings, with 9 additional events known from news reporting.
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