Financial News

More Layoffs at Estée Lauder

More than 70% will come from POS demonstration roles, the company announced today with its Q3 results.

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By: Christine Esposito

Editor-in-Chief

Photo: Shutterstock/Heerapix

The Estée Lauder Companies will make more job cuts than initially planned. The beauty maker and Happi Top 50 Company now estimates it will eliminate 9,000 – 10,000 roles, an increase from 5,800-7,000. More than 70% of the increase is attributable to the reduction in point-of-sale demonstration roles at select unproductive doors in its department store and freestanding store channels, which ELC says is result of the company’s focus towards “high-growth channels.” This net reduction ta...

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