business / news / / Reuters
At the upper end, the new target would amount to about 17.5% of Estée's global workforce of 57,000.
Estée Lauder may cut up to 17.5% of its global workforce by June 2025.
KEY POINTS
- Over 70% of the new layoffs will be department store roles as focus shifts to digital channels.
- Estée Lauder is in merger talks with Puig to bolster its fragrances business.
- The Iran conflict reduced quarterly sales by 1% and is expected to impact Q4 by 2%.
COMPANIES
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