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Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy is laying off thousands of workers as the retail giant plans to close some brick-and-mortar stores as the company transitions to focus on its e-commerce business. This week, Best Buy announced that it is laying off 5,000 employees this month with plans to close more stores this year after consumers concentrated on online shopping during the COVID-19 pandemic. According to the company, approximately 40 percent of its sales in the past year came from online purchases, up from 19 percent two years ago, forcing the retailer to transition its business model. While Best Buy laid off 5,0…

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by Zak Failla
Business
UPDATED Wave of Pink Slips Hit As Amazon Cuts Ties With Local Companies - Offers New Jobs UPDATED Wave of Pink Slips Hit As Amazon Cuts Ties With Local Companies - Offers New Jobs
Updated Wave of Pink Slips Hit As Amazon Cuts Ties With Local Companies - Offers New Jobs Hundreds of delivery drivers will be laid off in the coming months as small logistics companies are dropped by mega-online retailer Amazon. In this round, Courier Distribution Systems, LLC, will layoff or reduce the hours of 238 employees across its Milford, Dedham, and Everett facilities, according to a WARN letter filed with the Massachusetts Rapid Response Team. In July, Systemized Logistics of Bristol, Connecticut, announced 50 employees would be laid off due to a decline in orders from Amazon, the company owner said in a WARN letter. The company made another 70 layoffs between its Mass…

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by Kristin Palpini
Business
Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores
Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores Men’s Wearhouse and Jos. A. Bank will close up to 500 stores and lay off 20 percent of its corporate workforce, the California-based company has announced.  Massachusetts and Connecticut combined have more than two dozen such stores. The company has not announced a timeline for closure. Although the company is yet to name which stores are subject to closure: Connecticut has Men’s Wearhouses and Jos A. Banks in over 12 communities including West Hartford, Danbury, Milford, Enfield, Meriden, Glastonbury, and Fairfield. In Massachusetts, shops for Men's Wearhouse and Jos. A. Bank can be…

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by Kristin Palpini
Business
Hewlett Packard In Westborough Laying Off 150 Workers Hewlett Packard In Westborough Laying Off 150 Workers
Hewlett Packard In Westborough Laying Off 150 Workers Hewlett Packard Enterprise reportedly has laid off 146 employees at its Westborough office. The company filed a "WARN" notice with Massachusetts on July 14 that said lay-offs would take place the week of July 24, according to the MassHire Department of Career Services. A WARN notice triggers a response from the state-run “rapid response team,” which comes in when a company has planned mass lay-offs. The team seeks to help laid-off employees find new work, services, and skills.  The layoffs are taking place three years after Hewlett Packard purchased SimpliVity and its office in Westbo…

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by Kristin Palpini