Best Buy is one of the largest electronics retailers in the United States, and Geek Squad is its in-house tech support service. Founded in 1994, Geek Squad provides repairs, installations, and other tech services to Best Buy customers.
Over the years, Geek Squad has become increasingly popular, and today it has more than 10,000 employees across the country. However, it seems that Best Buy may be looking to do away with Geek Squad.
According to a recent report from Bloomberg, Best Buy is considering spinning off Geek Squad into a separate company. The move would reportedly help Best Buy save money on Geek Squad’s operations, which are said to be costing the retailer $1 billion per year.
Best Buy has not confirmed the reports, but it’s not surprising that the company would be considering such a move. In recent years, Best Buy has been closing stores and laying off employees in an effort to cut costs. And given that Geek Squad is a non-essential service, it makes sense that Best Buy would want to offload it.
However, it’s important to note that Geek Squad is one of Best Buy’s most valuable assets. The service brings in billions of dollars in revenue each year, and it’s helped make Best Buy the go-to destination for tech support. So if Best Buy does spin off Geek Squad, it will be interesting to see how the company fares on its own.
Is Best Buy doing away with Geek Squad?
It’s impossible to say for sure what Best Buy’s plans are for Geek Squad. However, the reports from Bloomberg suggest that the company is considering spinning off Geek Squad into a separate entity. If this happens, it remains to be seen how successful Geek Squad will be on its own.
