Estée Lauder to axe 2,000 jobs as coronavirus hammers profits
Cosmetics giant Estée Lauder is cutting 2,000 jobs across the globe amid plans to close stores and department store beauty counters in the wake of the coronavirus crisis.
The company, which owns a host of make-up, skincare and perfume brands including Mac, Joe Malone and Clinique, plans to shutter between 10% and 15% of its standalone store estate, while also slimming down its presence in department stores such as John Lewis and House of Fraser.
The job cuts, which will impact its head office as well as stores, will affect around 3% of Estée Lauder’s workforce around the world.
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