23 Aug 2024 --- Sephora is trimming its China-based workforce as local consumers tighten their spending on skin care and makeup — a cautioning trend brought into focus in recent earnings reports by leading beauty brands with a footprint in Asia retail. A company spokesperson says the job cuts will impact less than 3% of the workforce, or the equivalent of fewer than 120 jobs. A Bloomberg report, meanwhile, estimates around 10% of Sephora’s China staff in offices and stores are affected.
