Estée Lauder to cut up to 7,000 jobs

Estée Lauder is trying to fast-track premium products. But it’s cutting jobs, and is the S&P 500’s worst performer today.
Estée Lauder on Tuesday announced plans to cut thousands of jobs and speed up its product development to reclaim relevance in higher-end beauty, after the company swung to a quarterly loss and offered a dimmer outlook amid wobblier shopper sentiment in Asia.
Estée Lauder ramps up job cuts as tariff war looms
Beauty firm Estée Lauder, owner of cosmetics brands Clinique, MAC, and Jo Malone, is shedding twice the number of jobs than planned, pointing to uncertainty around US president Trump's tariffs as cause for concern.
Estée Lauder’s Share Price Drops 16 Percent as Q3 Outlook Disappoints and More Job Cuts are Announced
As the company’s sales fell 6 percent in the second quarter, the owner of namesake Estée Lauder, Jo Malone, Tom Ford, Clinique and more, announced plans to ramp up its restructuring program, from 3,000 to between 5,800 to 7,000.
In Wider Restructuring Plan, Estee Lauder to Cut 7,000 Jobs
Estee Lauder on Tuesday expanded a restructuring plan under its new CEO that would now include up to 7,000 job cuts, while also forecasting third-quarter profit below estimates, blaming persistent demand weakness especially in Asia.
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 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.
Estée Lauder cuts 7,000 jobs amid restructuring
The company anticipates restructuring and other charges of between $1.2bn and $1.6bn as it overhauls the business.
Estee Lauder Stock Dives Amid Plans To Cut Upto 7,000 Jobs, Lower Revenue Outlook, But Retail’s Hopeful
Shares of Estee Lauder Cos Inc. ($EL) fell more than 16% on Tuesday as the company warned of ongoing economic uncertainty while announced job cuts of up to 7,000 positions, but retail sentiment stayed positive.
Estee Lauder to slash 7,000 jobs globally
Estee Lauder is set to cut up to 7,000 jobs globally, ramping up its initial target of 3,000. The move is part of a broader cost-saving strategy aimed at generating up to $1 billion in savings. The company,
Estée Lauder sinks nearly 20% on weak quarterly sales; plans to slash up to 7,000 jobs
Cosmetics giant Estée Lauder Estee Lauder announced a major restructuring plan on Tuesday that includes slashing up to 7,000 jobs as the company grapples with persistent demand weakness — sending its shares spiraling nearly 20%.
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 ...
Estée Lauder Revenue Beats Estimates
Estée Lauder Companies (EL -18.82%), a global leader in beauty products, reported its fiscal 2025 second-quarter earnings on ...
Estée Lauder, with a big presence in Suffolk, to cut up to 7,000 jobs worldwide
Estee Lauder said it's expanding its restructuring plan to include job cuts anywhere from 5,800 to 7,000 by fiscal 2026 as ...
Morgan Stanley Remains a Hold on The Estée Lauder Companies (EL)
In a report released today, Dara Mohsenian from Morgan Stanley maintained a Hold rating on The Estée Lauder Companies (EL – Research Report), ...
Estee Lauder: Painful Quarter, But Shares Remain Sharply Undervalued
Estée Lauder beat on both the top and bottom lines despite weak demand. See why EL stock is undervalued following a tough quarter but strong margin improvement.