Estee Lauder Restructuring Has Cost $1.14 Billion

Estee Lauder EL 0.68%increase; green up pointing triangle said its restructuring has cost the company $1.14 billion as it streamlines operations and cuts its headcount.

The company said it had approved new efforts in late October to consolidate certain service providers, standardize its business processes, and pursue a net reduction in workforce, according to a Monday filing with the Securities and Exchange Commission.