Thread regarding Estee Lauder Cos. layoffs

Estee Lauder Cos., the maker of Clinique and Bobbi Brown cosmetics, said it will cut 2,000 jobs as declines in makeup and perfume sales...

Estee Lauder Cos., the maker of Clinique and Bobbi Brown cosmetics, said it will cut 2,000 jobs as declines in makeup and perfume sales reduced second-quarter profit.

The job cuts, which represent 6 percent of the workforce, will occur over the next two years. That and other measures, including inventory reduction and a freeze on hiring and merit raises, will reduce expenses by $450 million to $550 million over the next four years, the company said.

by
| 3533 views | | 1 reply (last )
Post ID: @OP+18gr027

1 reply

Estee lauder has been systematically cutting staff and outsourcing all departments quietly to India over the last two years. They formed another company to hire lower salaried staff employees that will receive minimal benefits and no retirement plan. I'm sure Donald Trump would be interested in knowing that Estee Lauder is becoming a leader in industry in giving American dollars to India as well as other foreign country's.

by
|
Post ID: @Nvfow+18gr027

Post a reply

: