Report: Best Buy to Layoff at Headquarters

New York City A spokeswoman for Best Buy Co. Inc. said the chain will lay off workers in its corporate headquarters because not enough employees opted to take a voluntary buyout, according to the Associated Press.

The company didn't say how many corporate jobs will be affected by the layoffs but said workers would be notified Feb. 19.

Best Buy offered voluntary severance packages last month to virtually all 4,000 corporate employees to help it survive what it called the "most challenging consumer environment" in its history. Spokeswoman Sue Busch Nehring said about 500 employees accepted that offer, the report said.

No in-store positions were affected, and they'll be excluded from the forthcoming cuts too, Busch Nehring said.