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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 ...

A restructuring plan is underway to kick-start sales after the conglomerate reported a 6 per cent sales dip in Q2.

Cosmetics giant Estée Lauder Estee Lauder announced a major restructuring ... facing weak demand for its high-end fragrance and makeup products, and stiff competition from rivals like L’Oréal ...

Estée Lauder (NYSE: EL) might be known as a timeless brand in cosmetics, founded nearly 80 years ago, but lately, it's looking like the skincare and makeup giant is running out of time.

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 ...

Estée Lauder (NYSE: EL) stock suffered a makeup malfunction on Tuesday. Shares of the cosmetics giant tumbled 18.3% through 11 a.m. ET, despite beating forecasts for both sales and earnings in ...

Estee Lauder posts 6% decline in Q2 sales ... Net sales from Skin Care plunged 12%, Makeup decreased 1%, Fragrance grew 1%, and Hair Care declined 8%. Gross profit decreased 2% to $3 ...

Estée Lauder stock has plunged since the pandemic. China sales have been weak, and the company is losing market share elsewhere. Management announced a turnaround plan, but it has yet to make a ...

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 ...