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Best Buy Furloughs 51,000, CEO Takes 50% Base Pay Cut as Sales Drop 30%

Electronics Retailer Reports Surge in Online Shopping, Curbside Pickup With Stores Closed During the Pandemic
Best Buy said it will furlough 51,000 workers, mostly part-timers, as the electronics retailer continues to juggle finances with its stores closed during the coronavirus pandemic. (Best Buy)
Best Buy said it will furlough 51,000 workers, mostly part-timers, as the electronics retailer continues to juggle finances with its stores closed during the coronavirus pandemic. (Best Buy)
By Jennifer Waters
CoStar News
April 16, 2020 | 1:42 P.M.

Best Buy, noting it has managed to hold on to 70% of its pre-pandemic sales through its e-commerce site and curbside pickup, is nonetheless furloughing 51,000 workers.

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