‘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.

Next steps for Estée Lauder employees

If you’re fired or let go at Estée Lauder, understanding your legal rights is crucial.

Non-unionized employees in Canada are entitled to severance pay. The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

WATCH: Employment lawyer Lior Samfiru delves into severance pay on an episode of the Employment Law Show.

Here’s what you need to know:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to two years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to ensure your severance package is fair and aligns with Canadian employment laws.

New year, more job cuts

Estée Lauder isn’t the only major employer to announce a workforce reduction to kick off 2025.

Big names, including Okta, Amazon, Stripe, BP, Microsoft, Meta, Hudson’s Bay, and Wayfair, have also pulled out the axe as they continue to navigate challenging economic conditions.

SEE ALSO
• Canada’s immigration department slashing workforce by 25%
• Where are layoffs happening in Canada?
• Pocket Employment Lawyer: Real-time insights on your rights

Lost your job? Contact us

If you’re fired or let go at Estée Lauder for any reason, the experienced employment law team at Samfiru Tumarkin LLP can help.

Our lawyers in Ontario, Alberta, and British Columbia have helped tens of thousands of non-unionized individuals resolve their workplace issues.

Call us today at 1-855-821-5900 or request a consultation online.

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.