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Estée Lauder sinks nearly 20% on weak quarterly sales; plans to slash up to 7,000 jobs
Shares in the Manhattan-based company, founded and controlled by New York’s Lauder family, plunged as much as 18% after Estée Lauder said it will be cutting between 5,800 and 7,000 jobs. Read More
Estee Lauder forecasts bleak quarterly profit, to cut up to 7,000 jobs

ESTEE Lauder on Tuesday ... and MAC lipstick withdrew its annual sales and profit forecasts while reducing its dividend as part of a planned turnaround after facing declining sales. Ongoing challenges ... Read More
Estée Lauder cuts 7,000 jobs amid restructuring
The company anticipates restructuring and other charges of between $1.2bn and $1.6bn as it overhauls the business. Read More
Everything we know about Estée Lauder Companies’ job cuts, results and profit recovery plans
ELC’s new President and CEO Stéphane de La Faverie, who stepped into the role in January, has also unveiled his vision to restore the company’s sales growth ... Read More
Estee Lauder plans more job cuts as weak Q3 forecast sends shares plummeting
Estee Lauder on Tuesday expanded a restructuring plan that would now involve up to 7,000 job cuts as the cosmetics giant grapples with persistent demand weakness especially in Asia, sending its shares ... Read More
Estee Lauder plans more job cuts as weak Q3 forecast sends shares plummeting

(Reuters) -Estee Lauder ... in Asia, sending its shares down 19%. The company now expects third-quarter profit to come well below expectations, citing challenges in its Asia travel retail business ... Read More
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