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Estée Lauder ramps up job cuts
Estee Lauder to cut up to 7,000 jobs
Estee Lauder now intends to slash up to 7,000 positions from its workforce, the cosmetics company, known for brands like Mac and Clinique, announced Tuesday.
Estée Lauder to cut up to 7,000 job cuts as it swings to loss, sending stock lower
Estée Lauder Cos. Inc.’s stock fell 6.4% early Tuesday, after the beauty and cosmetics company swung to a fiscal second-quarter loss and announced an expansion of its current restructuring aimed at restoring sustainable sales growth.
Estée Lauder Stock Dives on Surprise Loss, Job Cuts as Sales Decline
Key Takeaways Estée Lauder reported a surprise loss and warned about current-quarter results as sales declined.The cosmetics company was especially impacted by slowing demand in China and the rest of the Asia-Pacific region.
1d
on MSN
Estée Lauder sinks nearly 20% on weak quarterly sales; plans to slash up to 7,000 jobs
Shares in the Manhattan-based company, founded and controlled by New York’s Lauder family, plunged as much as 18% after Estée ...
1d
Estee Lauder Layoffs Languish EL Stock
Cosmetics company Estee Lauder (EL) saw its stock plummet on Tuesday after announcing plans to cut up to 7,000 jobs. The ...
1d
on MSN
Estee Lauder plans more job cuts as weak Q3 forecast sends shares plummeting
Estee Lauder on Tuesday expanded a restructuring plan that would now involve up to 7,000 job cuts as the cosmetics giant ...
1d
Cosmetics Major Estee Lauder Q2 Earnings: Sales Slump, Restructuring Deepens, But CEO Bets On 'Beauty Reimagined'
Shares of Estee Lauder Companies fell following the company's FY25 earnings report. The company plans a major restructuring ...
3d
on MSN
Is Estée Lauder a Buy, Sell, or Hold in 2025?
The stock is down a whopping 78% from its peak during the pandemic, as a combination of weakness in China, market share ...
10h
Estée Lauder Continues To Disappoint (Rating Downgrade)
Estée Lauder reported another quarter of weak sales and declining margins as its China and travel businesses struggle. Read ...
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