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.

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.

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.