Estée Lauder Cos. on Tuesday announced plans to cut thousands of jobs and speed up its product development to reclaim relevance in higher-end beauty, after the company swung to a quarterly loss and ...

The company details plans to improve the profitability of its wealth management unit, with a focus on the U.S. market.

Estee Lauder on Tuesday expanded a restructuring plan under its new CEO that would now include up to 7,000 job cuts, while also forecasting third-quarter profit below estimates, blaming persistent ...

The Swedish automaker plans to use pair sensors and other hardware with Waabi's AI-based software in its Volvo VNL Autonomous ...

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The firm that owns Clinique, MAC and Bobbi Brown shedding double the number of jobs than planned, warning of global ...

The Estée Lauder Companies Inc. (NYSE:EL), a global leader in prestige beauty with a market capitalization of $24.8 billion, ...

ELC’s new President and CEO Stéphane de La Faverie, who stepped into the role in January, has also unveiled his vision to ...

The downsizing is happening after the company announced it expects net sales to tumble 10% to 12% through the first three ...

Estee Lauder now intends to slash up to 7,000 positions from its workforce, the cosmetics company, known for brands like Mac ...