Yahoo Finance

American cosmetics company Estée Lauder (EL) plans to cut up to 7,000 jobs as part of a restructuring plan under its new CEO. This comes after the company reports declining sales and forecasts weak third quarter profit, despite better-than-expected second quarter results.

Catalysts co-hosts Seana Smith and Madison Mills explain recent developments and outline what investors need to know, noting that the company cites weak demand in Asia as a key challenge.

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This post was written by Josh Lynch