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Published February 27, 2013, 10:04 AM

Best Buy Eliminates 400 Jobs at Richfield Headquarters

Best Buy eliminated 400 jobs at its headquarters in Richfield Tuesday. The electronics retailer says it notified employees of the job cuts as part of its plan to eliminate about $150 million in administrative expenses.

Best Buy eliminated 400 jobs at its headquarters in Richfield Tuesday. The electronics retailer says it notified employees of the job cuts as part of its plan to eliminate about $150 million in administrative expenses.

The St. Paul Pioneer Press reports the layoffs represent the first phase of its cost-saving initiatives, with additional reductions to come throughout the year. Best Buy employs 8,000 in Minnesota but has not disclosed how many workers are at its headquarters.

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