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Estee Lauder plans more job cuts
Estee Lauder plans more job cuts as weak Q3 forecast sends shares plummeting
Estee Lauder on Tuesday expanded a restructuring plan that would now involve up to 7,000 job cuts as the cosmetics giant grapples with persistent demand weakness especially in Asia, sending its shares down 19%.
Estée Lauder ramps up job cuts as warns on tariffs
Estee Lauder is the latest company to warn of the impact a tit-for-tat tariff war could have on their fortunes. Drinks giant, Diageo, which makes Guinness, Johnnie Walker, Baileys and Smirnoff warned on Tuesday that tariffs on Mexico and Canada - if they go ahead - "could very well" impact its business.
Estée Lauder’s Share Price Drops 16 Percent as Q3 Outlook Disappoints and More Job Cuts are Announced
As the company’s sales fell 6 percent in the second quarter, the owner of namesake Estée Lauder, Jo Malone, Tom Ford, Clinique and more, announced plans to ramp up its restructuring program, from 3,000 to between 5,800 to 7,000.
14h
Baystate Health cuts nearly 100 corporate jobs
It's the latest cost-cutting move from the nonprofit health system, which operates several hospitals in Western Massachusetts ...
ReadWrite
1d
Musk ally ‘pushes AI-first strategy,’ as federal jobs faces potential cuts under Trump’s DOGE
Elon Musk’s ally leads AI-driven government overhaul, cutting costs and jobs under Trump’s Department of Government ...
2h
UK services firms speed up job cuts but price pressures strong, PMI shows
British services firms lost momentum last month as a looming rise in employer taxes led to the fastest job cuts in four years ...
16h
on MSN
Trump's tariffs threaten job losses, experts say. These may be the hardest hit
A lesser-known effect of the potential tariffs, however, could arise as some retailers struggle to sell imported goods at ...
10d
CNN Job Cuts Are A Painful Reminder Of Where TV News Is Heading
After months of speculation, CNN cut 6% of its TV news staff, while continuing to add talent focused on digital products.
2h
Underlying Job Market Dynamics Retighten As Fed Moves Any Rate Cuts Into Distance Amid Accelerating Inflation
Job openings gave up some of the past two months' increases in December and fell to 7.60 million, seasonally adjusted, thought the three-month average ticked up for the third month in a row.
5d
on MSN
Waste Management Targets $450 Million in Savings From Automation Push, Job Cuts
Waste Management will shed 1,000 jobs this year, accelerating its automation efforts and moving the company closer to its ...
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