Estée Lauder Plans to Cut Up to 7,000 Jobs Amid Stock Decline
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
The Estée Lauder Companies Inc. has announced significant layoffs, cutting up to 7,000 jobs as part of a restructuring effort. This decision comes in response to a decline in stock performance, positioning the company among the biggest losers on the S&P 500. The layoffs reflect the company's ongoing challenges in the market and its need to adjust its workforce to align with current business conditions. Specific details regarding the locations or departments affected by these job cuts have not been disclosed.
The Estée Lauder Companies Inc. cut 7,000 jobs as of February 4, 2025.
That is roughly 15.9% of the 44,020 people The Estée Lauder Companies Inc. employs.
LayoffTalk has tracked 11 layoff events at The Estée Lauder Companies Inc. since October 2023, with 11 additional events known from news reporting.
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