Location: New York, NY, USA.
Based on news reporting.
The Estée Lauder Companies Inc. has announced that it will lay off approximately 500 employees as part of its ongoing restructuring efforts. This decision comes in response to declining sales and the need to streamline operations. The layoffs are set to take effect on October 1, 2023, and will primarily impact various departments within the company. Estée Lauder has been facing challenges in the market, prompting this workforce reduction to better align with current business needs. The company aims to stabilize its financial performance and focus on core areas of growth moving forward.
The Estée Lauder Companies Inc. cut 500 jobs as of October 1, 2023.
That is roughly 1.1% of the 44,020 people The Estée Lauder Companies Inc. employs.
LayoffTalk has tracked 14 layoff events at The Estée Lauder Companies Inc. since October 2023, affecting a combined 25,504 employees.
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