Estée Lauder sinks nearly 20% on weak quarterly sales; plans to slash up to 7,000 jobs
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Estée Lauder's stock dropped nearly 20% following weak quarterly sales and an announcement to cut up to 7,000 jobs.
February 04, 2025 | 6:15 pm
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Estée Lauder's stock fell nearly 20% due to weak quarterly sales and plans to cut up to 7,000 jobs.
The significant drop in Estée Lauder's stock price is directly linked to the disappointing quarterly sales and the announcement of substantial job cuts, which indicate potential financial struggles and cost-cutting measures.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100