Report: Best Buy Demoting 8,000 Senior Sales Associates

Report: Best Buy Demoting 8,000 Senior Sales Associates

A report from New York investment firm Sanford Bernstein says that Best Buy will be eliminating 1,000 assistant manager positions and demoting 8,000 senior sales associates to regular sales positions that would pay 25 percent to 50 percent less than their current salary — causing some to compare them to Circuit City.