Cosmetics giant Estee Lauder (EL.N), forecast a bigger-than-expected drop in fiscal 2025 sales on Thursday, signaling a slowdown in demand for beauty products in the American market and a longer road to recovery in the key China region.

— Read more in Estee Lauder sees bigger sales fall in 2025 on US slowdown, sputtering China recovery at Reuters.

Estée Lauder Cos. on Thursday said it’s moving ahead with plans to cut up to 7,000 jobs as it deepens its head-count reduction efforts, while reporting a 10% drop in third-quarter sales.

— Read more in Estée Lauder lays off 2,600 workers, out of its 7,000 target, as sales drop at MarketWatch.