This is not a repeat of Circuit City yet, but Best Buy is starting to head down the same road with the job eliminations and wage slashes.
Thousands of Best Buy store employees will see their pay slashed or their positions eliminated.
Best Buy would not disclose the number of people affected, but New York investment firm Sanford Bernstein said in a research note Wednesday that as many as 1,000 assistant store managers would have their positions cut. Up to another 8,000 senior sales associates would be demoted to regular sales positions that would pay 25 percent to 50 percent less than their previous jobs.




















