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Estee Lauder to Cut Up to 10000 Jobs and Target 1.2B Savings
Business
Published on 4 May 2026
Most cuts land in department stores, not online
Estee Lauder says it plans layoffs of up to 10,000 jobs worldwide as part of a restructuring aimed at $1.2 billion in annual savings. The total could rise to about 17.5% of its global workforce, with many cuts concentrated in department store roles. The company is also accelerating premium launches and shifting sales toward online and specialty retailers.
- Estee Lauder targets up to 10,000 layoffs worldwide
- Restructuring aims for as much as $1.2 billion in annual savings
- Most additional cuts are linked to department store positions
- Company lifts profit outlook amid premium product push and shift online
Read the full story at Startup Talky
This summarization was done by Beige for a story published on 
Startup Talky