Best Buy Slashes Amount of Seasonal Hires

Seasonal hiring will be the same if not worse than last year. That was the not so festive forecast from the employment services firm Challenger, Gray & Christmas last week. And it's not surprising with our currently drab consumer climate. The U.S. Commerce Department recently reported anemic retail sales for August and downwardly revised July results. Best Buy Co. seems to confirm the news, recently announcing that it will almost halve its number of seasonal employees.