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Thursday, January 29, 2009

Best Buy Plans Layoffs at Headquarters

While there is no such thing as a “good” layoff, Best Buy is one of the few companies that are trying to do right by the people that are being let go. Microsoft and Best Buy are a few of the companies that are offering decent severance packages but I think this is the first time I’ve seen layoffs announced that start at HQ and work their way down.

Laid-off employees were expected to receive less severance than workers who are leaving voluntarily. For example, an average, non-managerial corporate worker would receive six months of severance pay under the involuntary plan, compared with 7.5 months severance under the voluntary program.

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