Sears job cuts to hit 400, e-commerce chief takes leave
The news isn't getting any better for beleaguered retailer Sears.
The retailer announced it will be cutting 400 jobs at its corporate office and that its e-commerce leader is leaving the post.
The layoffs and leadership change are all part of the struggling retailer's focus to reorganize, according to a CNBC report, which Sears hopes will provide $1.25 billion in savings.
Sears' online chief, Stephen Zoll, is leaving his post as June 15. Two other top leaders, David Pastrana, who runs the apparel division, and Eric Jaffe, senior vice president of Shop Your Way, are also leaving the company, stated the report.