Estee Lauder to Lay Off up to 2,000 Employees, Close up to 15 Percent of Stores

Estee Lauder announced Thursday it will lay off up to 2,000 employees and close a portion of its 1,500 stores around the world. The beauty products company said that 10–15 percent of its stores will be shut down. “Fiscal 2020 was a year without parallel, as we delivered record sales and exceptionally strong adjusted EPS ...

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