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Estée Lauder to cut up to 7,000 job cuts
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 tanked to a $580 million loss.
Estee Lauder to cut up to 7,000 jobs as sales slide
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.
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.
22h
on MSN
Walmart to Cut Hundreds of Jobs: What to Know
The move aligns with Walmart's strategy to streamline operations and consolidate its non-store workers into a few hubs ...
22h
on MSN
Maryland’s public universities could cut 400 jobs under Moore’s budget plan
The proposed cuts would amount to 40 percent of the overall $111 million budget reduction for the University System of ...
10h
on MSN
Sonos to Cut 12% of Jobs in Further Restructuring Push
The audio-products maker expects to book restructuring charges of $15 million to $18 million as it reorganizes.
1d
on MSN
Estee Lauder plans more job cuts as weak Q3 forecast sends shares plummeting
Estee Lauder on Tuesday expanded a restructuring plan that would now involve up to 7,000 job cuts as the cosmetics giant ...
1d
Baystate Health cuts nearly 100 corporate jobs
It's the latest cost-cutting move from the nonprofit health system, which operates several hospitals in Western Massachusetts ...
Alaska Public Media
5h
Federal job cuts could have an enormous impact in Alaska
The implications of federal job cuts would reverberate across Alaska, which is heavily dependent on federal spending. Much of ...
WXII 12 Greensboro-Winston-Salem on MSN
11h
Goodyear to cut 850 jobs at Danville, VA plant, city officials say
Goodyear is cutting 850 jobs at its plant in Danville, Virginia, according to a statement from the city's manager.
23h
on MSN
UK services firms speed up job cuts but price pressures strong, PMI shows
British services firms lost momentum last month as a looming rise in employer taxes led to the fastest job cuts in four years ...
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