Estee Lauder plans to cut up to 3,000 more jobs, lifts annual profit forecast

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Estee Lauder plans to cut up to 3,000 more jobs, lifts annual profit forecast

American multinational skin care and beauty products brand Estée Lauder's logo is seen in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Estee ​Lauder on Friday ​raised its annual profit …

American multinational skin care and beauty products brand Estée Lauder's logo is seen in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Estee ​Lauder on Friday ​raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a broad restructuring plan, sending its shares ⁠up ‌about 11% in premarket trading. …

Original source: CNBC Top News