⚡Layoffs: L’Oréal Reportedly Laying Off Half of Its Travel Retail Division in China Amid Poor Sales
By Kalpeshkumar Patelia
L’Oréal, a French cosmetic giant, will to cut half of the jobs in its travel retail division in China. The latest round of L’Oréal layoffs will reportedly be implemented amid company seeing sales slump and a broader market slowdown in China.