Estée Lauder plans to cut up to 7,000 jobs globally to save $1 billion amid trade war fears.

Estée Lauder, a global beauty company, plans to cut up to 7,000 jobs worldwide, up from 3,000, to save up to $1 billion. This move responds to potential tariff increases and the threat of a global trade war, particularly concerning goods from Mexico, Canada, and China, amid actions by President Trump. Some employees will be retrained for new roles within the company. The job cuts are expected to be finalized by June 2020.

1 month ago
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