Estée Lauder Companies Will Cut 7,000 Jobs as Sales Drop 6%

The beleaguered US cosmetics company expanded its profit recovery plan and posted a smaller-than-expected drop in sales to $4 billion in its second-quarter earnings.

Feb 5, 2025 - 02:48
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Estée Lauder Companies Will Cut 7,000 Jobs as Sales Drop 6%
The beleaguered US cosmetics company expanded its profit recovery plan and posted a smaller-than-expected drop in sales to $4 billion in its second-quarter earnings.