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LISTEN: As Tariffs Loom, Cosmetics Giant Eyes 7,000 Job Cuts
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Eric Sorensen
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One of the world’s largest cosmetics firms is in trouble.
In the Fall of 2024, Estee Lauder – parent company to major brands like Clinique and MAC lipstick – announced a planned turnaround after declining sales led the company to withdraw its forecasts and reduce its dividend.
At the time, the company – which employs around 62,000 – said it would cut 3,000 jobs to reduce millions in costs.