Estée Lauder Companies slashes 3,200 jobs – and 3,800 more hang in the balance

Estée Lauder Companies (ELC) has slashed an estimated 3,200 roles, with a further 3,800 at risk, as the US beauty giant’s restructuring plans continue at pace. ELC confirmed the latest job cut figures as of 13 August, which follows the Clinique-owner revealing it was seeking a reduction in staff roles of up to 7,000...