Labor & Employment

New York -- Ebay Inc.  plans to cut about 2,400 positions, or 7% of its workforce, across eBay marketplaces, PayPal, and eBay enterprise in the current quarter to simplify its organizational structure.

The company also said it will explore strategic options for eBay enterprise, including a sale or an IPO.

The restructuring of Walmart’s senior executive ranks continues with the latest round of appointments involving some familiar leaders in new roles with curious titles as well as some key resignations.

New York -- The family of James McNair, the comedian killed in the automobile accident that also seriously injured comedian Tracy Morgan, has reached a financial settlement with Wal-Mart Stores Inc, Reuters reported.

The out-of-court settlement is the first legal resolution from the crash, which occurred on June 7, 2014, on the New Jersey Turnpike.

Terms of the settlement were confidential, according to the report, and Walmart did not admit liability in the settlement.

Ebay Inc. said it plans to cut about 2,400 positions, or 7% of its workforce, across eBay marketplaces, PayPal, and eBay enterprise in the current quarter to simplify its organizational structure.

The company also said it will explore strategic options for eBay enterprise, including a sale or an IPO.

Washington, D.C. – The Securities and Exchange Commission (SEC) will reportedly review a rule that allowed Whole Foods Market Inc. to block a shareholder proposal regarding director nominations. According to Bloomberg, the SEC said it will take another look at a regulation that lets public companies block proposals from shareholders if the company offers a similar proposal.

The chief executive of Barnes & Noble Inc.’s retail group will retire May 2.

Mitchell Klipper, will continue to work with the company as a special adviser on real estate and other matters, Barnes & Noble said. The company said it has begun to search for a new retail CEO, and Klipper will help in the process.

Bentonville, Ark. - The restructuring of Wal-Mart’s senior executive ranks continues with the latest round of appointments involving some familiar leaders in new roles with curious titles, as well as some key resignations.

Toronto – Sears Canada is reaching out to Target’s Canadian employees. The retailer is encouraging the 17,600 workers who will likely lose their jobs when Target exits the Canadian market later this year to apply for jobs online.

Sears Canada also plans to host job fairs for soon-to-be-laid-off Target employees across Canada, and will host a meet-and-greet for Target Canada head office employees with senior executives and HR experts at its corporate headquarters on Wednesday, Jan. 21.