ELC’s new President and CEO Stéphane de La Faverie, who stepped into the role in January, has also unveiled his vision to ...

The downsizing is happening after the company announced it expects net sales to tumble 10% to 12% through the first three ...

Beauty firm Estée Lauder, owner of cosmetics brands Clinique, MAC, and Jo Malone, is shedding twice the number of jobs than ...

Estee Lauder now intends to slash up to 7,000 positions from its workforce, the cosmetics company, known for brands like Mac ...

Palantir Technologies shares hit a record high as the company benefited from demand for its artificial intelligence software. U.S. equities were higher at midday, boosted by tech shares. The Nasdaq ...

Estee Lauder said it’s expanding its restructuring plan to include job cuts anywhere from 5,800 to 7,000 by fiscal 2026 as ...

Cosmetics company Estee Lauder (EL) saw its stock plummet on Tuesday after announcing plans to cut up to 7,000 jobs. The ...

Estée Lauder Companies (EL -18.82%), a global leader in beauty products, reported its fiscal 2025 second-quarter earnings on ...

Key Takeaways Estée Lauder reported a surprise loss and warned about current-quarter results as sales declined.The cosmetics ...

Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Meta, Microsoft, BlackRock, and Ally are among those shedding staff.

Estee Lauder on Tuesday expanded a restructuring plan under its new CEO that would now include up to 7,000 job cuts, while ...

Michael Bowes is the first company executive to hold the position and will oversee culture building at the US beauty giant ...