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Estée Lauder Companies (EL) recently announced plans to cut up to 3,000 additional jobs as part of a broader restructuring effort.
Estée Lauder has expanded planned layoffs to up to 10,000 roles, targeting 17.5% of its workforce.
KEY POINTS
- 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.
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