Best Buy Layoffs Signal Weak Holiday Hiring in Retail
By: CNBC.com News
Posted on July 06, 2012 at 16:25 PM EDT
While Best Buy cutting back on staff is nothing new - and certainly not a surprise - it may be the first of many announcements to come from retailers, especially as the holidays approach. Last year, Best Buy cut back on its plans to hire temporary staff for the holiday, adding only 15,000 workers versus 29,000 in 2010.
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