-
Walmart has also made significant losses with the exit of its Chief Merchandising Officer.
-
The series of layoffs that have been recorded account for the challenge of maintaining jobs today.
-
Best Buy It has established itself as a high-value chain in the labor market.
the wave of layoffs does not slow down and now it is Best Buythe retail chain that announces the departure of a significant number of employees who serve the sales floor within these stores.
The impact of inflation was measured by Gallup And he found that in huge economies like the United States, there are two main problems today: the government, criticized negatively by a 14 percent majority; the economy, criticized by thirteen percent and unemployment, criticized by one percent.
“In February 2023, 13 percent of respondents said that the most important problem facing the United States was the high cost of living and inflation. Another 14 percent said poor government and leadership was the nation’s most serious problem,” he explains. Statesman by exclusively presenting the previous study to platform subscribers.
Layoffs at Best Buy
Best Buy It has started with a significant number of layoffs of employees busy serving the sales floor in stores, for which one more giant is now added to the wave of layoffs that have been registered in the United States,
The scenario, details the store, is in response to “evolving our stores and the experiences we offer, to better reflect changes in customer buying behavior.”
With such a significant number of layoffs announced, the chain confirms that sales of electronics have dropped and internet consumption has increased. This lower consumption of high ticket products has been seen in chains such as Walmartwhich even redesigned its sales floor so that high-priced products such as baby care equipment went from being on shelves to showing off on displays with special decoration and lighting.
With the departure of employees, Best Buy will be investing in loyalty programs and in its business unit specialized in the health market, like many other brands that have diversified from their traditional models to one that includes services, with which they have sought consolidate with the consumer.
This case makes it unavoidable to understand that today the capacity of brands is increasingly developing strategies of value in consumption, because in this proportion it is that they have managed to innovate in their internal approaches as is the way in which they manage talent.
Faced with these scenarios, managers such as Matt Higgins, CEO of RSE Venturesmake the following statements.
“Imagine this scenario: You close your interview with a question about remote work, and you get a cold reception. The next day, the hiring manager meets another candidate who says that he might be in the office early next Monday morning.
Sure, you may be more qualified. But there is a real chance that the other job applicant will be perceived as more engaged. This could be true even for managers of companies that have very strong remote work policies”, said the manager to talk about how the effect of inflation on the labor market has even impacted the way talent is hired.
Now read:
