MAM
FedEx Express Recognized as One of India’s Best Workplaces For Women by the Great Place to Work® Institute
FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, has been recognised in the Top 50Best Workplaces for Women 2020, by the Great Place to Work® Institute.
The study is one of India’s largest annual assessments of workplace excellence for women across all levels, and is based on confidential employee feedback and an audit of management processes. This year, more than 850 organizations participated in the survey conducted by the Great Place to Work® Institutein India, from which the top 100 workplaces for women were selected and recognized.
“We are honoured to be recognized as one of India’s best workplaces for women, highlighting our diverse and inclusive work environment where all team members have equal opportunities to excel and grow.”said Mohamad Sayegh, vice president of operations for FedEx Express in India.
“Our commitment to diversity and inclusion is an integral part of our culture, and we continuously work topromotequalified women into leadership roles and offer programs that help our team membersexplore possibilitiesin their careers.We foster adiverse workplace that supports long term development and provides meaningful opportunitiesto our team members to pursue both personal and professional goals.” he added.
Earlier this year, Jack Muhs, regional president for the Middle East, Indian Subcontinent and Africa region,signed the CEO statement of support for the ‘Women’s Empowerment Principles – Equality means Business’.Established by the United Nations Global Compact and United Nations Women, the Women’s Empowerment Principles are a set of seven actions that companies choose to adopt to advance gender equality in the workplace and community.
FedEx was named by Forbes Magazine in 2019 as one of the Best Employers for Diversity globally, and was also recognized as one of the top 100 companies to work for in India by the Great Place to Work® Institute in June 2020.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
