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Estee Lauder ramps up job cuts
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 grapples with persistent demand weakness especially in Asia, sending its shares down 19%.
Estee Lauder ramps up job cuts as tariff war looms
Estee Lauder is the latest company to warn of the impact a tit-for-tat tariff war could have on their fortunes. Drinks giant, Diageo, which makes Guinness, Johnnie Walker, Baileys and Smirnoff warned on Tuesday that tariffs on Mexico and Canada - if they go ahead - "could very well" impact its business.
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
ReadWrite
19h
Musk ally ‘pushes AI-first strategy,’ as federal jobs faces potential cuts under Trump’s DOGE
Elon Musk’s ally leads AI-driven government overhaul, cutting costs and jobs under Trump’s Department of Government ...
12h
on MSN
Trump's tariffs threaten job losses, experts say. These may be the hardest hit
A lesser-known effect of the potential tariffs, however, could arise as some retailers struggle to sell imported goods at ...
9h
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 ...
14h
on MSN
US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthy
U.S. job openings fell in December, a sign that the labor market is cooling but still healthy.
19h
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, ...
5d
on MSN
Amazon’s latest job cuts impact corporate communications and sustainability employees
Two of Amazon's Seattle headquarters towers rise above the Spheres. (GeekWire File Photo /) Amazon laid off employees in its ...
10d
CNN Job Cuts Are A Painful Reminder Of Where TV News Is Heading
After months of speculation, CNN cut 6% of its TV news staff, while continuing to add talent focused on digital products.
5d
on MSN
Waste Management Targets $450 Million in Savings From Automation Push, Job Cuts
Waste Management will shed 1,000 jobs this year, accelerating its automation efforts and moving the company closer to its ...
8d
GM job salaried cuts continue, could run through February, in new performance evaluations
Some GM salaried workers are being let go as the company continues to use a new evaluation program that weeds out poor ...
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