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.
![Estée Lauder Companies Will Cut 7,000 Jobs as Sales Drop 6%](https://img.businessoffashion.com/resizer/v2/Z2EIV2EED5FOZBSTRUYKHDIWAE.jpg?auth=72c4eb88e2275d5d7d1ad74ed92cbf84025ea24cc71787da3a7aff231fd8d76a&smart=true&width=1800&height=1013#)
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