L’Oréal USA has said it will “be implementing certain restructuring initiatives,” resulting in the elimination of about 500 jobs out of a workforce of 10,500 full- and part-time positions for the U.S. subsidiary of the French beauty giant.
That amounts to roughly 4.8 percent of the workforce that will be cut between now and the first half of next year. In a statement, L’Oréal USA said, “the company believes that acting now to consolidate functions and streamline efficiencies will both strengthen its position in the face of the current difficult economic climate, and help it to meet the challenges and opportunities that lie ahead.”
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)