New York, February 5:슬롯 머신 사이트 추천Estee Lauder, a US-based global beauty company,슬롯 머신 사이트 추천plans to reduce its workforce by cutting슬롯 머신 사이트 추천thousands of jobs. It is슬롯 머신 사이트 추천estimated that the upcoming Estee Lauder슬롯 머신 사이트 추천layoffs will affect up to 7,000 employees, which is roughly 11% of the company's total workforce. The beauty and skincare company슬롯 머신 사이트 추천introduced these job cuts as a part of its restructuring plan.

According to reports, the cosmetic giant Estee Lauder suffered from weakening demand in Asia, which affected its슬롯 머신 사이트 추천market position and brought down its shares by 19%. This reportedly resulted in the company posting a poor third-quarter profit. Estee Lauder addressed the challenges related to the Asia travel retail business in travel destinations and airports in슬롯 머신 사이트 추천Korea and China.슬롯 머신 사이트 추천Layoffs 2025: Google, Meta, BlackRock, Microsoft, CNN, Starbucks and More, Check List of Companies Cutting Jobs This Year to Stay Productive and Focus on AI.

Reuters슬롯 머신 사이트 추천 that 슬롯 머신 사이트 추천Estee Lauder CEO슬롯 머신 사이트 추천Stephane de La Faverie슬롯 머신 사이트 추천stated that the company슬롯 머신 사이트 추천expected soft retail trends to continue in Asia travel retail, which would pressure its organic net sales.슬롯 머신 사이트 추천In Asia, 슬롯 머신 사이트 추천luxury beauty and skincare companies face major challenges, as in China. The report said it accounted for슬롯 머신 사이트 추천nearly a quarter of슬롯 머신 사이트 추천the company's sales in 2024 amid high employment and a struggling economy.

Stephane de La Faverie said that Estee Lauder슬롯 머신 사이트 추천did not capitalise on the슬롯 머신 사이트 추천high growth opportunities슬롯 머신 사이트 추천and said that the new strategy would include luxury price tiers슬롯 머신 사이트 추천and슬롯 머신 사이트 추천more investment in consumer-facing initiatives. This decision was praised by eMarketer analyst Sky Canaves, who said that슬롯 머신 사이트 추천the company took the plan슬롯 머신 사이트 추천in the "right direction and further added that it still had a long way to prove innovation and adaptability to meet the needs of young beauty consumers.슬롯 머신 사이트 추천ADM Layoffs: After Rival Cargill Layoffs, Another US Agri-Business Archer Daniels-Midland To Cut Jobs Amid Low Crop Prices and Reduced Profit.

The report mentioned that the Estee Lauder layoffs will affect an estimated 5,800 to 7,000 employees by the end of fiscal 2026. The layoffs are also part of the company's슬롯 머신 사이트 추천expansion plan, which it announced in February. Estee Lauder said that it would reduce nearly 5% of its global workforce as part of this슬롯 머신 사이트 추천expansion.

(The above story first appeared on LatestLY on Feb 05, 2025 10:20 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).