Best Buy Fires 1,500 In Canada, Shutters Future Shop Brand
Best Buy is laying off 500 full-time and 1,000 part-time employees in Canada as it consolidates operations. The Richfield, Minnesota-based company also announced Saturday that it will close 66 of its Future Shop locations and rebranding the remaining 65 as Best Buy stores. The Future Shop website will be folded into Best Buy's site.