Cosmetics company Estée Lauder is expected to cut 7000 jobs globally, which is more than its initial target of 3000, as a part of its cost-saving strategy.

Shares of makeup conglomerate Estee Lauder ( EL -0.13%) plunged 23% through Thursday trading this week, according to data from S&P Global Market Intelligence.

Estee Lauder announced on Tuesday that it plans to slash up to 7,000 positions from its workforce. The cosmetics company said it will eliminate a net of 5,800 to 7,000 roles as it unveiled an ...

While the situation looks grim at the moment, I am not giving up on Estée Lauder today. Let's look at what's gone wrong and how the situation can improve going forward. The headline that grabbed ...

Cosmetics giant Estée Lauder Estee Lauder announced a major restructuring plan on Tuesday that includes slashing up to 7,000 jobs as the company grapples with persistent demand weakness ...

Estée Lauder reported another quarter of weak sales and declining margins as its China and travel businesses struggle. Read ...

Since reaching its peak at $374.20 in January 2022, Estée Lauder’s shares have plummeted by a staggering 78%, representing a ...

Estée Lauder "beat earnings" today, but actually lost money. Guidance envisions sales and earnings continuing to fall in Q3. Estée Lauder is also laying off workers and planning to take more ...

NEW YORK (AP) — Estee Lauder may trim as many as 7,000 jobs by fiscal 2026, more than 11% of its workforce, after the global beauty cosmetics maker lost money in its most recent quarter as ...

Estée Lauder faces its next fraught rendezvous with Wall Street on Tuesday, when the struggling Fortune 500 beauty giant reports its latest quarterly earnings. But if its executives, including ...

Estée Lauder Cos. said it plans to eliminate between 5,800 to 7,000 positions in a corporate restructuring meant to return the flagging company to sales growth under its new chief executive. The owner ...