Massive Job Cuts At Estée Lauder, Up To 11% Or 7,000 Employees, After Quarterly Sales Decline 6%
Estee Lauder will lay off between 5,800 and 7,000 employees after second-quarter sales plummeted 6% and operating income ...
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 ...
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 ...
Estée Lauder Stock Dives on Surprise Loss, Job Cuts as Sales Decline
Estée Lauder shares tumbled 17% Tuesday after the cosmetics giant reported a surprise loss and warned about current-quarter results as sales declined.
Is Estée Lauder a Buy, Sell, or Hold in 2025?
Estée Lauder (NYSE: EL) might be known as a timeless brand in cosmetics, founded nearly 80 years ago, but lately, it's ...
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 ...
Estee Lauder Expands Restructuring Plan With 7,000 Job Cuts, Posts Sales Beat
(Reuters) - Estee Lauder on Tuesday expanded its restructuring plan that would include up to 7,000 job cuts and posted ...