Estée Lauder to cut thousands of jobs, warning of tariff impact
Source: BBC
Faarea MasudBBC Business reporterGetty ImagesBeauty firm Estée Lauder, owner of cosmetics brands Clinique, MAC, and Jo Malone, is shedding twice the number of jobs than planned, pointing to uncertainty around US President Donald Trump's tariffs as cause for concern.The American multinational was already restructuring the business to tackle its flagging performance, but now says job losses could reach 7,000.The…
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