The company confirmed the job cuts but declined to quantify them.
https://wwd.com/beauty-industry-news/beauty-features/shiseido-americas-layoffs-1237984680/
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Shiseido Americas has implemented layoffs as part of a business transformation aimed at restoring growth and profitability, though the company did not disclose how many employees were affected. Interim CEO Alberto Noé cited ongoing economic challenges like high inflation and declining performance through 2024, with a bleak forecast for 2025. The cuts will span various departments and locations and were confirmed through an internal memo initially shared on Instagram. The move follows broader industry trends, with other beauty companies like Estée Lauder and Coty also downsizing in response to similar market pressures.