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MAC owner Estee Lauder to cut 3000 more jobs as layoffs hit 10000
Business
Published on 1 May 2026
Layoffs climb to 10000 while online sales get priority
MAC cosmetics owner Estee Lauder says it will cut up to 3,000 additional jobs, bringing planned layoffs to 10,000. The company expects the restructure to add about $200 million in savings. Estee Lauder is also reallocating resources toward online channels, including TikTok Shop, betting that digital demand will offset store-level pressure.
- Estee Lauder plans up to 3000 more layoffs
- Total planned job cuts rise to 10000
- Company targets an extra 200 million in savings
- Shift toward online sales including TikTok Shop
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times