Estee Lauder to Trim 3% of Global Workforce to Curb Costs
Shoppers walk past an Estee Lauder Companies Inc. store in the Raffles City shopping mall in Shanghai, China, on Wednesday, May 31, 2017. (Photographer: Qilai Shen/Bloomberg)

Estee Lauder to Trim 3% of Global Workforce to Curb Costs

(Bloomberg) -- Estee Lauder Cos. is cutting jobs and closing stores as part of a multiyear restructuring plan after the coronavirus pandemic threw the cosmetics industry into disarray.
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