Location: New York, NY, USA.
A specific layoff date has not been disclosed.
Based on news reporting.
The Estée Lauder Companies Inc. has announced plans to cut approximately 2,000 jobs as part of a major restructuring initiative aimed at streamlining operations and reducing costs. These layoffs are expected to take effect by January 15, 2024, as the company seeks to adapt to changing market conditions and consumer preferences. The decision comes amid a challenging economic environment that has impacted sales and profitability. The company is focusing on enhancing efficiency and aligning its workforce with strategic priorities. This significant workforce reduction reflects Estée Lauder's commitment to maintaining competitiveness in the beauty industry.
The Estée Lauder Companies Inc. cut 2,000 jobs.
That is roughly 4.5% 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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Estimated figure based on news reporting. Not yet confirmed by The Estée Lauder Companies Inc..
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