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Estée Lauder ramps up job cuts
Estée Lauder cuts 7,000 jobs amid restructuring
The company anticipates restructuring and other charges of between $1.2bn and $1.6bn as it overhauls the business.
Estee Lauder to cut up to 7,000 jobs as sales slide
Estee Lauder said it’s expanding its restructuring plan to include job cuts anywhere from 5,800 to 7,000 by fiscal 2026 as the global beauty company tries to boost sales and profits.
Everything we know about Estée Lauder Companies’ job cuts, results and profit recovery plans
ELC’s new President and CEO Stéphane de La Faverie, who stepped into the role in January, has also unveiled his vision to restore the company’s sales growth
Estée Lauder CEO announces recovery plan, job cuts to recoup sales
A restructuring plan is underway to kick-start sales after the conglomerate reported a 6 per cent sales dip in Q2.
Estée Lauder (EL) Aims to Cut Up to 7,000 Jobs
Cosmetics company Estée Lauder (EL) announced a major restructuring plan that aims to cut 5,800 to 7,000 jobs, or up to 11% of its workforce.
Estée Lauder to cut up to 7,000 jobs as sales slide
Estée Lauder may trim as many as 7,000 jobs by fiscal 2026, more than 11% of its workforce, after the global beauty cosmetics maker lost money in its most recent quarter due to a 6% sales slump, executives announced on Tuesday.
Estee Lauder ramps up job cuts as tariff war looms
Estee Lauder employs around 62,000 people worldwide, and said the final figure of jobs losses would be between 5,800 and 7,000, with some staff redeployed in new roles. The company did not say where the jobs would be lost.
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 grapples with persistent demand weakness especially in Asia, sending its shares down 19%.
Estee Lauder slashing up to 7,000 jobs as it braces for tariff increases
The beauty giant behind Estee Lauder, Clinique and Jo Malone is ramping up its job loss programme from 3,000 to between 5,800 and 7,000 to cut costs.
1h
Estée Lauder Companies’ (EL) Market Perform Rating Reaffirmed at Telsey Advisory Group
Estée Lauder Companies (NYSE:EL – Get Free Report)‘s stock had its “market perform” rating reaffirmed by equities researchers ...
7h
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 ...
2d
on MSN
Estée Lauder has lost $100 billion in value in the past three years. How a big bet on China dragged down a luxury legend
Estée Lauder faces its next fraught rendezvous with Wall Street on Tuesday, when the struggling Fortune 500 beauty giant ...
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 ...
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 ...
1d
Why Estée Lauder Stock Crashed on Tuesday
Estée Lauder (NYSE: EL) stock suffered a makeup malfunction on Tuesday. Shares of the cosmetics giant tumbled 18.3% through ...
1d
on MSN
Estée Lauder's SWOT analysis: stock faces china headwinds amid leadership shift
The Estée Lauder Companies Inc. (NYSE:EL), a global leader in prestige beauty with a market capitalization of $24.8 billion, ...
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