Minnesota Based Best Buy to Furlough 51,000

This morning, Best Buy, announced they will temporarily be furloughing 51,000 workers. Those furloughed employees will be able to keep their health benefits for a minimum of 3 months.

Best Buy said the majority of the furloughed workers are part time employees and that Best Buy would be keeping a little over 80% of their full time employees.

Some employees will volunteer for reduced work weeks as well as furloughs. The furloughs are scheduled to start this Sunday.

Best Buy CEO, Corie Barry, announced she will be taking a 50% pay cut and the Best Buy board of directors will give up 50% of their cash retainer fees through the 1st of September.

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