Financial News

Coty To Slash 700 Jobs

The ‘All-in to Win’ program is expected to generate annual fixed cost savings of approximately $130 million before taxes, including approximately $80 million in FY26 and approximately $50 million in FY27.

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By: Lianna Albrizio

Associate Editor

Coty, Inc. is full steam ahead with its next phase of its “All-in to Win” program. The strategic initiative, officials said, will establish a simplified and scaled operating model, reduce complexity across functions and markets and sharpen its focus on top innovation and market priorities. The program calls for eliminating 700 jobs. In Coty’s fiscal second quarter ending December 31, 2024, overall net revenue declined 3% to $1.66 billion. In following the 2020 “All-in to Win” program, Coty ho...

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