https://arstechnica.com/tech-policy/2021/02/best-buy-lays-off-5000-workers-as-it-shifts-focus-to-online-sales/

Best Buy says it has trimmed its headcount by 21,000 over the last year as the pandemic has accelerated the company's transition to selling online. Most of those losses were due to attrition—including workers who were furloughed during the pandemic last year and then chose not to return to work. But Best Buy says that in recent weeks it formally laid off 5,000 workers. The company now has about 102,000 workers—including employees in its retail stores and corporate headquarters.

A company will often lay off workers because it is struggling. The last year has certainly been a challenging period for some brick-and-mortar businesses. This week, for example, electronics giant Fry's shut down all of its stores.