07 Feb 2024 --- Estee Lauder’s restructuring plans sent the stock soaring this week after the cosmetics giant said it would retrain and redeploy some employees while cutting up to 3,000 jobs, representing 3% to 5% of its workforce. The owner of brands such as Clinique, MAC and Tom Ford promises to become a “leaner” company that is more agile and capable of adapting to the latest beauty trends, often from social media.
