Estée Lauder’s Share Price Drops 16 Percent as Q3 Outlook Disappoints and More Job Cuts are Announced
As the company’s sales fell 6 percent in the second quarter, the owner of namesake Estée Lauder, Jo Malone, Tom Ford, Clinique and more, announced plans to ramp up its restructuring program, from 3,000 to between 5,800 to 7,000.
The wealth manager’s shares fell after it said it envisions cutting around 400 positions, extending its cost-saving program.
British services firms lost momentum last month as a looming rise in employer taxes led to the fastest job cuts in four years ...
A lesser-known effect of the potential tariffs, however, could arise as some retailers struggle to sell imported goods at ...
It's the latest cost-cutting move from the nonprofit health system, which operates several hospitals in Western Massachusetts ...
Estee Lauder on Tuesday expanded a restructuring plan that would now involve up to 7,000 job cuts as the cosmetics giant ...
After months of speculation, CNN cut 6% of its TV news staff, while continuing to add talent focused on digital products.
There are fears of possible job cuts at the Irish operation of HR and payroll processing company Workday after the firm ...
Waste Management will shed 1,000 jobs this year, accelerating its automation efforts and moving the company closer to its ...
Some GM salaried workers are being let go as the company continues to use a new evaluation program that weeds out poor ...
Job openings gave up some of the past two months' increases in December and fell to 7.60 million, seasonally adjusted, thought the three-month average ticked up for the third month in a row.
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