Estee Lauder Plans to Cut Up to 3,000 Jobs Amid Puig Deal
SOURCENews reportView the filing ↗
What we know
Location: Minnesota, USA.
Department affected: Aveda facility.
Based on news reporting.
Summary
The Estée Lauder Companies Inc. has announced plans to cut up to 3,000 jobs as part of its strategy to pursue a deal with Puig. This decision comes as the company seeks to streamline operations and adapt to changing market conditions. The layoffs are part of a broader restructuring effort aimed at enhancing efficiency and competitiveness in the beauty industry. While specific locations and departments affected have not been disclosed, the move reflects the company's response to current economic challenges and its commitment to future growth.
The Estée Lauder Companies Inc. cut 3,000 jobs in MN affecting its Aveda facility team.
That is roughly 6.8% 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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