The settlement follows Judge Arun Subramanian’s rejection of Estée Lauder’s bid to dismiss the case last year. Investors accused the company of several misleading omissions and forward-looking statements.

As part of its turnaround plan, Estée Lauder Companies plans to cut between 9,000 and 10,000 jobs. This is an increase from the previous announcement regarding a reduction of up to 7,000 jobs.

Key financial results:

• Estée Lauder reported a 5% growth in sales for the third quarter, totaling $3.7 billion.
• Organic net sales increased by 2% for the three months ending March 31, 2026.
• Fragrance sales surged by 13%, amounting to $628 million during the same period.

The company expects organic net sales growth of around 3% for fiscal 2026. However, the conflict in the Middle East negatively impacted Estée Lauder’s third-quarter sales growth by approximately one percentage point.

Stéphane de La Faverie stated, “2026 is promising to be the pivotal year we intended.” He also mentioned plans to accelerate organic sales growth and improve adjusted operating margins.

Akhil Shrivastava noted that recent challenges have minimized the impact on third-quarter sales. Observers are closely watching how this settlement may affect Estée Lauder’s reputation and future operations.

Сообщение Estée Lauder class action settlement highlights gray-market sales issues появились сначала на justrealnews.

As the world slowly emerges from the shadow of the COVID-19 pandemic, Cirque du Soleil finds itself at a critical juncture. The renowned circus arts company, headquartered in Montreal, has announced the cutting of approximately 70 jobs at its Montreal location. This decision is part of a broader reduction of about 100 positions worldwide, marking a significant shift for a company that once employed nearly 1,000 people at its headquarters.

The cuts come on the heels of a tumultuous period for Cirque du Soleil, which had to lay off nearly 5,000 employees during the pandemic, representing a staggering 95 percent of its workforce. The company had sought bankruptcy protection and was subsequently taken over by a group of creditors led by Catalyst Capital Group of Toronto. As Cirque du Soleil navigates its recovery, these adjustments reflect a realignment of support functions across its Montreal and Las Vegas offices, as well as among international employees. Amélie Robitaille, a spokesperson for the company, stated, “These adjustments reflect a realignment of our support functions across our Montreal and Las Vegas offices, as well as among our international employees, to ensure we remain well positioned for our next phase of growth.”

Despite these challenges, Cirque du Soleil is preparing for a new chapter. The Providence Performing Arts Center (PPAC) is set to host Cirque du Soleil for the first time in a two-week holiday engagement featuring the show “Twas the Night Before,” running from November 24 to December 6, 2026. This engagement marks a significant opportunity for Cirque du Soleil to reconnect with audiences and showcase its unique blend of acrobatics and storytelling.

The upcoming season at PPAC will kick off in September 2026 with the launch of “Operation Mincemeat: A New Musical.” This addition to the schedule is part of a broader effort to revitalize the performing arts scene in the region, with the Encore Series also featuring popular shows like “The Bodyguard” and “Jersey Boys.” Alan Chille, a representative from PPAC, expressed optimism about the upcoming season, stating, “Our upcoming season is filled with extraordinary stories that will inspire audiences.”

As Cirque du Soleil continues to adapt to the post-pandemic landscape, the company faces the dual challenge of managing workforce reductions while simultaneously aiming to re-establish its presence in the live entertainment market. The full schedule for the Taco and The White Family Foundation Broadway Series was announced on March 31, 2026, highlighting the company’s commitment to providing diverse and engaging performances.

The impact of these job cuts extends beyond the immediate workforce; it reflects the broader struggles within the entertainment industry as companies strive to recover from the pandemic’s devastating effects. The cuts represent about 2 percent of the company’s overall workforce, a stark reminder of the ongoing challenges faced by live performance venues and their associated artists.

As the situation continues to evolve, the future of Cirque du Soleil remains uncertain. Details remain unconfirmed regarding the long-term implications of these job cuts and how they will affect the company’s operations moving forward. However, the upcoming engagements at PPAC may provide a vital lifeline as Cirque du Soleil seeks to regain its footing and reconnect with audiences worldwide.

In summary, Cirque du Soleil is at a critical crossroads, balancing necessary job cuts with new opportunities for engagement. As the company prepares for its debut at the Providence Performing Arts Center, it will be crucial to monitor how these developments unfold in the coming months.

Сообщение Cirque du Soleil Faces Job Cuts Amid New Engagements появились сначала на justrealnews.

Oracle has begun laying off staff as of March 31, 2026, impacting thousands of employees globally across departments including Oracle Health, Sales, Cloud, Customer Success, and NetSuite.

As of May 2025, Oracle employed approximately 162,000 full-time employees, but the company is now undergoing significant reductions in its workforce. The layoffs are part of a broader organizational change, as confirmed by an internal notification email stating, “After careful consideration of Oracle’s current business needs, we have made the decision to eliminate your role as part of a broader organizational change.”

These cuts come amid mounting pressure from investors regarding Oracle’s substantial debt, particularly related to its investments in artificial intelligence. The company’s stock price has plummeted by 25% in 2026, reflecting investor concerns over its financial health.

In January 2026, Oracle announced plans to raise $50 billion in debt and equity, indicating a desperate attempt to stabilize its finances while continuing to build out its AI infrastructure. The layoffs align with a troubling trend among major technology companies, many of which are reducing headcount in response to economic pressures.

CNBC has confirmed that Oracle has started informing employees about the job cuts, but the full extent of the layoffs could not be immediately learned. Observers are closely watching how these changes will affect the company’s operations and employee morale moving forward.

As Oracle navigates these turbulent times, the tech industry remains on alert for further job reductions and shifts in corporate strategy, particularly as companies grapple with the challenges of a rapidly evolving market.

Сообщение Oracle Layoffs Begin as Company Cuts Thousands of Jobs появились сначала на justrealnews.