By and  on February 5, 2009

The world has changed and so has the Estée Lauder Cos. Inc. To deal with an emerging set of economic realities and to align its costs with growth, the venerable beauty firm has implemented new marching orders: resize to the tune of 2,000 jobs, restructure and reexamine its organization.

Underperforming brands will also go under the microscope, along with redundancies and outmoded methods.

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