Estée Lauder raises annual profit forecast and plans up to 3,000 more job cuts. Shares rise; total layoffs could reach up to 10,000.
Estée Lauder raised its annual profit forecast and announced up to 3,000 additional job cuts as part of a broader restructuring, with shares rising as total expected layoffs reached up to 10,000, or about 17.5% of its global workforce.
What happened
Estée Lauder raised its annual profit forecast and announced up to 3,000 additional job cuts as part of a broader restructuring, with shares rising as total expected layoffs reached up to 10,000, or about 17.5% of its global workforce.
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