Estée Lauder Raises Profit Forecast, Expands Job Cuts to 10,000
Estée Lauder raised its annual profit forecast and said it would cut up to 3,000 additional jobs as part of a broader restructuring, bringing total expected layoffs to as many as 10,000. The reductions amount to about 17.5% of the beauty company's global workforce.
Shares rose after the announcement as investors weighed the improved outlook against the deeper cost-cutting plan.
From the sources (3 posts)
@yahoofinanceEstée Lauder, which is in the middle of a restructuring plan that includes a potential merger with Spanish luxury fashion and beauty conglomerate Puig, announced the expansion of job cuts throughout 2026 during its Q3 earnings call, raising
@reutersEstée Lauder raised its annual profit forecast and announced up to 3,000 additional job cuts as part of a broader restructuring. Shares rose as total expected layoffs reached up to 10,000, or about 17.5% of its global workforce https://t.co
@reutersbizEstée Lauder raised its annual profit forecast and announced up to 3,000 additional job cuts as part of a broader restructuring. Shares rose as total expected layoffs reached up to 10,000, or about 17.5% of its global workforce https://t.co