Estee Lauder to cut up to 7,000 jobs
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Estee Lauder plans to cut up to 7,000 jobs as part of its workforce reduction strategy. The company, known for brands like Mac and Clinique, announced this decision on Tuesday.
February 04, 2025 | 5:45 pm
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Estee Lauder announced plans to cut up to 7,000 jobs, which may lead to short-term cost savings and potential stock price stabilization or increase.
The job cuts are likely to result in cost savings for Estee Lauder, which could positively impact the company's financial performance and stock price in the short term. Investors may view this as a proactive measure to improve efficiency.
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