Estee Lauder shares soar on signs of turnaround even as beauty giant axes thousands more jobs
By EMILY HAWKINS Updated: 09:52 EDT, 1 May 2026 Estee Lauder shares soared after signs of a turnaround as consumers splashed out on high-end fragrances - but said it would cut thousands more jobs. The beauty giant, which owns Clinique, Jo Malone and MAC …