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Estée Lauder Announces Major Job Cuts Amidst Declining Sales
Estée Lauder announced 5,800 to 7,000 net job cuts by the end of 2026 due to declining global sales, particularly in Asia, resulting in a 19% stock price drop and a $590 million net loss in Q2.
Estée Lauder Announces Major Job Cuts Amidst Declining Sales
Estée Lauder announced 5,800 to 7,000 net job cuts by the end of 2026 due to declining global sales, particularly in Asia, resulting in a 19% stock price drop and a $590 million net loss in Q2.
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