In the coming weeks, Best Buy is laying off at least 650 Geek Squad staffers nationwide that are responsible for home theater installations.

Best Buy is the No. 1 company in the CE Pro 100 in 2011 with an estimated $680 million in custom installation revenues from an estimated 119,500 installation by its Geek Squad, Magnolia and AudioVisions divisions.

The report, which was confirmed by TV station KARE-TV in Minneapolis, which is the home of Best Buy’s corporate headquarters, cites a corporate conference call over the July 4th holiday during which employees were notified.

The company says the layoffs are not an indication that Best Buy is reducing its commitment to in-home installation, but “just restructuring it to better serve customer’s needs,” according to the report.

Best Buy added: “We know that clients will always need us to come to their homes, and increasingly their needs are more complex. That’s why we’re evolving in-home support for a more specific customer segment.”

Laid off workers who are unable to find another position within Best Buy will be out of jobs on Aug. 1, the statement said

Source: Jason Knott, CE Pro writer, CE Pro magazine.

We encourage senior level technicians to contact Home Network Solutions for contract work & possibly full or part time employment.