‘We lost our agility’: Estée Lauder planning to slash up to 7,000 jobs
What’s going on at Estée Lauder?
Estée Lauder is expanding its restructuring amid a sales slump — planning to eliminate as many as 7,000 positions by fiscal 2026.
“Simply said, we lost our agility. We did not capitalize on the higher growth opportunities,” CEO Stéphane de La Faverie told investors after the cosmetics giant released third-quarter earnings.
He added that the company hasn’t been able to adapt to on-trend innovations in time.
Estée Lauder expects the restructuring and charges related to the job cuts to cost them between $1.2 billion and $1.6 billion, before taxes.
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Impact on Canadian staff
It remains unclear if Canadian employees at Estée Lauder will be let go.
According to LinkedIn, the company has more than 1,400 workers in the country.
If you’re a non-unionized employee, check out our Estee Lauder Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.
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If you’ve lost your job at Estee Lauder for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.
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Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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