Job Cuts At Estée Lauder, Up To 11% Or 7,000 Employees

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 the global beauty company tries to boost sales and profits.
Job Cuts At Estée Lauder, Up To 11% Or 7,000 Employees, After Sales Decline
Estee Lauder will lay off between 5,800 and 7,000 employees after second-quarter sales plummeted 6% and operating income tanked to a $580 million loss.
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 Lauder said it will be cutting between 5,800 and 7,000 jobs.
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 is trying to fast-track premium products. But it’s cutting jobs, and is the S&P 500’s worst performer today.
Estée Lauder Cos. Inc.’s stock fell 6.4% early Tuesday, after the beauty and cosmetics company swung to a fiscal second-quarter loss and announced an expansion of its current restructuring aimed at restoring sustainable sales growth.
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.
Estée Lauder to Cut Up to 7,000 Jobs
The cosmetics company has been struggling with weak demand, especially in Asia.
Billionaire Estee Lauder Heir Set To Fetch $180 Million for Oceanfront Palm Beach Plot in Record-Breaking Deal
If the deal goes through for the two plots of land totaling nearly 3 acres, it would set a new sales record for Palm Beach.
Why Estee Lauder Plunged This Week
Shares of makeup conglomerate Estee Lauder ( EL -0.13%) plunged 23% through Thursday trading this week, according to data from S&P Global Market Intelligence.
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 ...
Estée Lauder Stock Is Tumbling. Blame a Huge Charge and Disappointing Outlook.
Luxury beauty brand Estée Lauder offered weak guidance on its earnings, saying it will take more than $1 billion in pretax ...
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 ...
Morningstar1d
Estee Lauder Is Poised to Ride Beauty Premiumization Tailwinds, Though China Headwinds May Persist
As a leading provider of premium beauty products, Estee Lauder owns category-leading brands in skin care, cosmetics, and fragrances underpinning its brand intangibles, in addition to retaining a ...
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 ...
Estée Lauder Revenue Beats Estimates
Source: Estée Lauder. Analyst estimates provided by FactSet. Overview of Estée Lauder Companies. Estée Lauder is an iconic ...