{"id":16957,"date":"2020-08-21T20:48:33","date_gmt":"2020-08-21T12:48:33","guid":{"rendered":"https:\/\/sg.everydayonsales.com\/news\/?p=16957"},"modified":"2020-08-21T20:48:33","modified_gmt":"2020-08-21T12:48:33","slug":"estee-lauder-cuts-2000-jobs-on-worldwide","status":"publish","type":"post","link":"https:\/\/sg.everydayonsales.com\/news\/16957\/estee-lauder-cuts-2000-jobs-on-worldwide\/","title":{"rendered":"Estee Lauder Cuts 2,000 Jobs On Worldwide"},"content":{"rendered":"

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Estee Lauder Cuts 2,000 Jobs On Worldwide<\/p>\n

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(New York, 21st) Unable to withstand the impact of the epidemic, cosmetics group Estee Lauder (Estee Lauder) announced that it will carry out a two-year restructuring plan, including closing 10 to 15% of independent stores and counters, and laying off 1,500 to 2,000 employees worldwide. Accounted for 3% of the total number of employees, mainly concentrated in store staff and support staff, the company will turn to expand online business.<\/p>\n

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Estee Lauder said that the epidemic has accelerated changes in consumers’ shopping patterns, their values, the reasons for buying goods, and the way they interact with brands.<\/p>\n

The company estimates that this will save it up to $400 million annually.<\/p>\n

Estee Lauder’s fourth-quarter revenue fell 32% to $2.43 billion, mainly due to the forced closure of stores during the epidemic and the reduction in demand for cosmetics due to home office.<\/p>\n

Estee Lauder has multiple brands, including Bobbi Brown, Clinique, Dr.Jart+, Glam Glow, Jo Malone, La Mer, Mac, Michael Kors, Origins, Smashbox, Tom Ford Beauty, etc.\u00a0(Hong Kong Ming Pao Comprehensive)<\/p>\n<\/div>\n

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image source<\/a>, source<\/a>, source<\/a><\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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