Estée Lauder to cut up to 10,000 jobs after beating estimates
Estée Lauder Companies announced it will eliminate up to 10,000 positions, expanding its earlier job-cut target by 3,000. The new reductions primarily affect department store staff. The move comes after the beauty giant reported quarterly sales and earnings that exceeded analyst expectations, driven by strong demand in Asia and travel retail. The restructuring aims to streamline operations and reduce costs amid a shifting retail landscape.
Key facts
- Estée Lauder is cutting up to 10,000 jobs.
- The job-cut target was expanded by up to 3,000 positions.
- Most new reductions come from department store staff.
- The company beat quarterly sales and earnings estimates.
- Strong demand in Asia and travel retail boosted results.
- The restructuring aims to streamline operations and cut costs.
- The announcement was made in February 2025.
- Estée Lauder is a major beauty company.
Entities
Institutions
- Estée Lauder Companies
Sources
- Quartz —