Patel is a controversial nominee, having long raged against the so-called Deep State and prioritized his loyalty to Trump.

Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Meta, Microsoft, BlackRock, and Ally are among those shedding staff.

Estee Lauder may trim more than 11% of its workforce after the global beauty cosmetics maker lost money in its most recent ...

Contributing to the German beauty company’s strong growth trajectory were its U.S. business and social media backing.

The company anticipates restructuring and other charges of between $1.2bn and $1.6bn as it overhauls the business.

Estee Lauder announced on Tuesday that it plans to slash up to 7,000 positions from its workforce. The cosmetics company said ...

Estee Lauder will lay off between 5,800 and 7,000 employees after second-quarter sales plummeted 6% and operating income ...