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Esty Lader announced on Tuesday that it plans to reduce 7,000 posts from its workforce.
Cosmetics company Said it would eliminate the net of 5,800 to 7,000 roles as it unveiled an updated “profit recovery and development plan” and released the financial results of its second quarter on Tuesday.
Number of affected posts, up to 3,000 posts from above Detailed last year“Some employees in select areas take into account the abolition of the posts after resumption and re -prepared,” said Esti Laader.
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The company said that it has realized “more net profit” from “more turnaround plan” through its fiscal second quarter, but they are more than the offset of “sales quantity from the deleverage, to restore permanent growth Investment, and inflation, “Company” to increase its “profit recovery and development plan” and Reorganization program Within it.
On October 3, 2024, a doubles run by an Esti Lader Store in Kuala Lumpur, Malaysia. (Faris Hadzik/Sopa Image/Lightercket Getty Image/Getty Image)
The company is expected to receive a total of a total between $ 1.2 billion and $ 1.6 billion, before taxes, until it meets restructuring.
It estimated that the reorganization would bring the annual pre-tax gross savings in the range of $ 800 million to $ 1 billion, Esty Louder said “will help restore the operating margin and face consumers to increase the increase in permanent sales. Will promote regeneration in areas. “
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| EL | Esty Lodder Companies Inc. | 69.48 | -131 |
-16.08% |
The expansion of the overall turnaround scheme attempts to bring back the cosmetics company to increase sales, the next few years paves the way for “solid double-design adjusted operating margin” and helps it “to manage external instability” Continue, such as the potential tariff grows globally, “Esty Laudar said.
History of Esty Lader, one of the world’s major cosmetics brands, begins with a $ 800 sales
The company said that it would include “further consolidated expenses and re -evaluation of strategically key supplier relations”, in its purchase, reducing additional inventory and product destruction through better supply chain capacity, and outsourcing “proved” global participants. to do.”
According to the Esti Lodder Company, in FY 2027, it seeks to end its “profit recovery and development plan”, of which many measures were done in FY 2025 and 2026.
In this photo illustration, the logo smartphone of Esty Lodder Company is displayed on the screen. ,
CEO Stephen de La Fawri said in a statement, “When we recognize that a lot of work is to be done, we believe that beauty remaginated is the way to feel our ambition.”
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The news of the workforce decrease and its second quarter results sent more than 17% Esti Laader shares on Tuesday.
The company is known For brands Such as Mac, Clinic, very faced and Bobby Brown.
