BUSINESS

Best Buy Canada, Future Shop Layoffs To Hit 950

01/30/2014 01:03 EST | Updated 04/01/2014 05:59 EDT
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TORONTO - Best Buy Canada says about 950 full-time employees will be laid off as the company reworks its operations to reduce layers of management and combine some of its sales departments.

The electronics retailer says the job cuts will affect both its Best Buy and Future Shop stores across Canada.

Best Buy says the changes do not include any store closures.

Retailers have been grappling with a number of new competitors in Canada over the past year, including the arrival of Target and a more aggressive rollout of Walmart supercentres.

Best Buy has also spent more effort on boosting sales through its websites.

The company has 265 locations across the country, which include its Best Buy Mobile and Future Shop brands.

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