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

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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.