Business & MarketsCompanies

Estée Lauder Cutting 7,000 Jobs Amid Lagging Sales in Asia

Save
Estée Lauder Cutting 7,000 Jobs Amid Lagging Sales in Asia
An Estée Lauder cosmetics counter in Los Angeles. Lucy Nicholson/Reuters
Juliette Fairley
Updated:
0:00

Estée Lauder will eliminate up to 7,000 jobs under its expanded restructuring plan and new president amid subdued consumer sentiment in Asia.

Estée Lauder CEO and President Stéphane de La Faverie began leading the cosmetics giant on Jan. 1.

Juliette Fairley
Juliette Fairley
Freelance reporter
Juliette Fairley is a freelance reporter for The Epoch Times and NTD and a graduate of Columbia University’s Graduate School of Journalism. Born in Chateauroux, France, and raised outside of Lackland Air Force Base in Texas, Juliette is a well-adjusted military brat. She has written for many publications across the country. Send Juliette story ideas at [email protected]