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Statistics Canada Begins Major Workforce Overhaul, Cutting 850 Positions

    Statistics Canada says it will be cutting around 850 of its staff along with 12 per cent of its executive team. Statistics Canada is moving ahead with a major restructuring that will see roughly 850 jobs eliminated , including a portion of its executive ranks. The agency confirmed that it has entered a formal workforce adjustment period, with affected employees set to receive notices over the next two weeks. The cuts are part of a broader federal initiative to reduce public service spending. With more than 7,200 employees as of early 2025, Statistics Canada is among several departments facing significant downsizing as the government seeks long‑term budget efficiencies. Union representatives have raised concerns about the impact on the agency’s ability to maintain the quality and timeliness of national data. Management, however, has emphasized that voluntary departures and early retirement incentives will be used where possible to ease the transition. The announcement m...
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Beauty Giant Braces for Global Trade Turbulence with Sweeping Job Cuts

 

Estée Lauder is set to slash up to 7,000 jobs worldwide as part of a sweeping restructuring initiative aimed at curbing costs and offsetting the impact of potential global tariff hikes. The American multinational, known for its prestigious brands such as Clinique, MAC, and Bobbi Brown, reported a 6% decline in quarterly sales amid weakening demand—especially in key Asian travel retail markets—and rising economic uncertainties linked to escalating trade tensions .

Under the leadership of its newly appointed CEO, Stéphane de La Faverie, the company is overhauling its operating model to become leaner, faster, and more agile. The restructuring is expected to generate annual savings of up to $1 billion, though it will incur restructuring charges estimated between $1.2 billion and $1.6 billion before taxes . De La Faverie acknowledged that the move is critical not only to reinvigorate sales growth but also to shield the company from external volatility—including the threat of increased tariffs imposed amid an intensifying global trade war .

Analysts note that this aggressive cost-cutting measure reflects broader industry pressures, where legacy beauty giants are increasingly challenged by nimble competitors and shifting consumer preferences. As Estée Lauder braces for further market headwinds, the job cuts are a stark reminder of the sweeping changes impacting even the most storied brands in a turbulent global economy.

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