In Wider Restructuring Plan, Estee Lauder to Cut 7,000 Jobs

Global sales dips prompt new CEO to expand the scope of a turnaround effort with additional layoffs.
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Topics
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Firms plan job cuts as employment costs rise
Companies' confidence falls as they face increases to National Insurance payments and wagesBBC News - 1d -
Quarter of UK employers plan to cut jobs before tax rises bite, report finds
Increase in national insurance contributions and higher minimum wage are increasing employment costsFinancial Times - 2d -
More job cuts expected at Justice Department, FBI
Staff within the Justice Department and FBI are on edge and bracing for more firings due to the changes under the new Trump administration. CBS News Department of Justice correspondent Scott ...CBS News - Feb. 10 -
German sports carmaker Porsche to cut 1,900 jobs
Yahoo News - 5d -
Porsche to cut another 2k jobs in Germany by 2029
Yahoo News - 4d -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - Feb. 8 -
Musk gatecrashes OpenAI restructuring
Ongoing operatic rivalry between billionaire and OpenAI chief Sam Altman remains major subtextFinancial Times - Feb. 11 -
Porsche to cut 1,900 jobs in Germany as weak EV demand bites
Announcement comes as luxury-car maker warned of lower profitability, well below its long-term targetFinancial Times - 5d -
What is Doge and why is Musk cutting so many jobs?
US President Donald Trump’s new agency is tasked with slashing costs - but faces opposition.BBC News - 4d -
Jeff Bezos space firm Blue Origin to cut a tenth of jobs
The company is looking to trim manager ranks and focus on ramping up rocket launches.BBC News - 4d
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