U.S. electronics retailer
The newspaper said one of its sources said the cost-cutting move, being enacted after sales fell 2.6 percent during the Christmas shopping season, could affect upward of 2,000 employees.
About 500 field managers learned of the cuts last week with more employees expected to be get pink slips by next week, one source told the newspaper.
"This is ripping off the Band-Aid," a
No store-closings are expected, however,
In an internal memo sent to employees last week and seen by
The retailer, which has its headquarters in suburban
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