Estée Lauder has faced a US$590 million net earnings loss in the second quarter of 2025, which it attributes to rising inflation driving up costs. The prestige beauty company expects further hits as global trade tensions rise amid an evolving tariff stand-off. Estée Lauder announced it would cut between 5,800 and 7,000 jobs to offset the financial loss. The company employs approximately 62,000 people worldwide but did not disclose in which regions the losses would take effect. The business already planned on restructuring before the job removal announcement.
