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MAC cosmetics owner Estee Lauder to cut 3,000 more jobs

Posted on May 1, 2026
By Business News Today
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1 min read

MAC cosmetics owner Estee Lauder to cut 3,000 more jobs

Estee Lauder Cos. is set to cut up to 3,000 more jobs, increasing its total planned layoffs to 10,000. This move aims to generate an additional $200 million in savings. The beauty giant is shifting focus to online sales, including platforms like TikTok Shop. These restructuring efforts are showing positive signs for the company's future.