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Estée Lauder to cut up to 7,000 jobs
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.
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.
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 demand weakness especially in Asia.
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 ...
23h
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 ...
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 ...
Chemistry World
9m
Dow to cut 1500 jobs as global chemicals industry reshapes
Dow has begun cutting around 1500 jobs across its global operations as part of a larger plan to save $1 billion (£800 million ...
1d
on MSN
Walmart to cut jobs, relocate some employees to main hubs
Walmart is trying to move most of its employees from smaller offices to its main hub in Bentonville, Arkansas, as well as its office in Sunnyvale, California.
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 ...
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.
13h
Goodyear to cut about 850 jobs at Danville plant
DANVILLE, Va. (WDBJ) - Approximately 850 jobs are set to be cut from Danville’s Goodyear tire plant, the company confirmed to ...
Crain's Detroit
17h
GM’s Cruise to cut 1,000 jobs as robotaxi service shuts down
General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo ...
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