Estee Lauder to cut up to 3,000 more jobs as it pursues Puig deal

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STORY: Shares of Estee Lauder rose as much as 12% on Friday after the company raised its annual profit forecast and said it would cut up to 3,000 more jobs as it accelerates a broad restructuring. The cosmetics firm, which also owns Clinique and M.A.C, is in talks to merge with Spanish fashion and fragrance company Puig, whose brands include Jean-Paul Gaultier and Carolina Herrera. :: Archive As a result, Estee Lauder now expects total job cuts could reach as many as 10,000, up from a prior esti