Estee Lauder to lay off up to 5% of workforce

Cosmetics company Estee Lauder announced on Monday that it will cut up to 5% of its global workforce as part of a restructuring plan. The company, which employs about 62,000 people worldwide, said the layoffs will affect up to 3,000 positions.LAYOFFS SKYROCKETED IN 2024: HERE ARE THE COMPANIES AXING JOBS Estee Lauder said the cuts stem from a new restructuring program focused on "the reorganization and rightsizing of certain areas of the Company as well as the simplification and acceleration of processes." ...