# Estée Lauder Companies (EL) recently announced plans to cut up to 3,000 additional jobs as part of a broader restructuring effort.

*business · news · 2026-05-06 · Barchart*

## Key points

- Estée Lauder has expanded planned layoffs to up to 10,000 roles, targeting 17.5% of its workforce.
- Over 70% of new job cuts will impact department store beauty advisors, signaling a shift to digital channels.
- Estée Lauder fully acquired India's prestige skincare brand Forest Essentials and invested in 111Skin.
- Management raised adjusted EPS guidance for 2026 to $2.35–$2.45, exceeding consensus forecasts.

**Companies:** Estée Lauder Companies
**Countries:** United States, India, Spain

[Read the full story on Barchart](https://www.barchart.com/story/news/1749357/estee-lauder-is-planning-to-cut-nearly-20-of-its-jobs-and-investors-hope-the-latest-layoff-news-can-boost-el-stock)

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