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Estée Lauder to cut up to 7,000 job cuts
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.
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.
20h
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 ...
2d
on MSN
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 ...
2d
on MSN
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 ...
4d
on MSN
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 ...
2d
Stéphane de La Faverie Unveils New Organizational Structure and Executive Team to Revitalize Estée Lauder
One month into his new position, Stéphane de La Faverie, president and chief executive officer of the Estée Lauder Cos., is ...
22h
Estee Lauder price target lowered to $64 from $71 at Barclays
Barclays analyst Lauren Lieberman lowered the firm’s price target on Estee Lauder (EL) to $64 from $71 and keeps an Equal Weight rating on the ...
2d
on MSN
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 ...
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