The Weekly Closeout: Coty to cut 700 jobs, Adidas sports double-digit growth

The Weekly Closeout: Coty to cut 700 jobs, Adidas sports double-digit growth

The cutbacks are part of the beauty conglomerate’s strategic transformation, while preliminary Q1 results show momentum from the sports retailer.

Coty to Cut 700 Jobs Amid Strategic Overhaul

Coty is set to cut 700 jobs as part of its 'All-in to Win' program, aiming to streamline operations and achieve $130 million in annual cost savings.

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The cosmetics giant Coty has now revealed a new austerity rate. To regulate the fixed costs, up to 700 jobs are to be reduced.

Coty Axing Jobs In The Next Phase Of Cost-Cutting Programme

Beauty giant Coty has revealed that it is shedding 700 jobs across the globe as part of its long-running ‘All-in to Win’ cost-cutting programme aimed at boosting margins and delivering funds for product innovation. The job cuts will begin to (more…) The post Coty Axing Jobs In The Next Phase Of Cost-Cutting Programme appeared first on KamCity.

Coty to cut 700 jobs in latest step of strategic overhaul

The measure is part of the Kylie Cosmetics owner's ‘All-in to Win’ transformational programme, which intends to streamline operations