Estée Lauder now expects up to 10K role reductions
Dive Brief:The Estée Lauder Companies Inc. increased its estimated net reduction in positions to a final range from 9,000 to 10,000, per a Friday press release. That marks a jump from the previously estimated range from 5,800 to 7,000 net reductions in role reductions.More than 70% of that increase is due to a reduction in point-of-sale positions at “select unproductive doors” in the department store and freestanding store channels.The cosmetics company’s Q3 net sales grew 5% year over year to $3.7 billion, ...