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Estée Lauder to lay off 3 to 5 percent of workforce to boost margins

Cosmetics company Estée Lauder has announced the expansion of its Profit Recovery Plan for fiscal years 2025 and 2026 to include a restructuring program. In connection with the restructuring program, Estée Lauder estimates a net reduction of approximately 3 to 5 percent of its positions by June 30, 2023. Upon completion of this plan, the company...