Struggling online retail giant eBay named a new top executive on Monday, bringing in the former head of e-commerce at Walmart, Jamie Iannone.

Iannone will take over April 27 from interim CEO Scott Schenkel, who took over after Devin Wenig stepped down last year.

Most recently Iannone was chief operating officer of Walmart eCommerce and has some 20 years of experience in retail and digital operations, according to an eBay statement.

Iannone worked previously at eBay for eight years and also was an executive at bookseller Barnes & Noble.

"The board believes Jamie is the ideal CEO to lead eBay's next chapter of growth and success," said eBay chairman Thomas Tierney.

"Jamie has consistently delivered high growth during rapid periods of industry disruption, consumer change and technological advancement."

California-based eBay is one of the success stories of the early internet era -- notably for its online auctions -- but in recent years it failed to keep pace with rival Amazon as the two compete as e-commerce platforms.

It has been studying asset sales and its most recent quarter saw a 29 percent drop in net profit.

Last year, eBay agreed to sell its ticket marketplace StubHub to Swiss-based rival Viagogo for $4.05 billion in cash.

Amazon fills 100,000 jobs, will add 75,000 more
Washington (AFP) April 13, 2020 - Amazon said Monday it had filled the 100,000 US jobs it promised a month ago to meet demands from the coronavirus outbreak, and was ready to take on 75,000 more.

The announcement by the technology and retail colossus highlighted surging demand for online commerce with the pandemic forcing people to shelter in place.

Amazon's hiring spree, which is being mirrored by other firms in food and retail sectors, comes amid news that US unemployment claims surged by some 17 million over the past month.

"Today, we are proud to announce that our original 100,000 jobs pledge is filled and those new employees are working at sites across the US helping to serve customers," Amazon said in a blog post.

"We continue to see increased demand as our teams support their communities, and are going to continue to hire, creating an additional 75,000 jobs to help serve customers during this unprecedented time."

The company began the year with nearly 800,000 full- and part-time workers, in addition to contractors used for some delivery services.

Amazon said it would welcome people furloughed during the crisis on a temporary basis until they can get their old jobs back.

As it faces unprecedented demand, Amazon has also faced protests at its warehouses and stores where workers face risks due to COVID-19 outbreaks.

Amazon's announcement last month was followed by Walmart's move to add 150,000 workers and delivery service Instacart's seeking 300,000 contract workers.

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WeWork sues Japan's SoftBank for backing out of deal
Washington (AFP) April 7, 2020
Office-sharing giant WeWork on Tuesday sued SoftBank claiming the Japan-based technology investment group breached its contractual obligations by backing out of a $3 billion rescue plan. The lawsuit filed in a US court in Delaware came just days after SoftBank said it was backing out of the plan to purchase WeWork shares to shore up the finances of the struggling sharing-economy giant. WeWork's board of directors called the SoftBank action "a clear breach of its contractual obligations" under an ... read more