Estée Lauder to cut up to 2,000 jobs worldwide after profits dive
Most of the cuts will be shop employees and support workers as the beauty giant boosts its digital operations
20 August 2020 - 19:40
Estée Lauder announced plans to cut jobs and close stores as part of a multiyear restructuring plan after the coronavirus pandemic threw the cosmetics industry into disarray.
The beauty giant plans to reduce its workforce by up to 2,000 jobs worldwide, amounting to 3% of its global workforce, and boost its digital operations after pandemic lockdowns hit demand for makeup. Most of the cuts will be store employees and support workers, the company said Thursday...
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