Estee Lauder to cut up to 7,000 jobs
Estée Lauder(EL) Fox Business·2025-02-05 01:31
Estee Lauder announced on Tuesday that it plans to slash up to 7,000 positions from its workforce. The cosmetics company said it will eliminate a net of 5,800 to 7,000 roles as it unveiled an updated "profit recovery and growth plan" and released its second-quarter financial results on Tuesday.The number of affected positions, up from the up to 3,000 positions it detailed last year, "takes into account the elimination of positions after retraining and redeployment of certain employees in select areas," Est ...