MAM
Tata Technologies appoints S Sukanya as COO
Mumbai: Tata Technologies, a leading global engineering and product development digital services company, is pleased to announce the appointment of Sukanya Sadasivan as its new chief operating officer (COO). Sukanya will be instrumental in driving Tata Technologies’ growth and transformation agenda, primarily focusing on strengthening delivery, practice and internal digital & IT systems.
As COO, Sukanya will work with the Delivery heads to charter the next phase of growth, enhance engagement margins and strengthen the Company’s people supply chain in collaboration with HR and the Resource Management Group (RMG). Sukanya will work with the Practice team to develop new service lines and guide the Digital Information Office to effectively leverage digital technologies to accelerate the ongoing transformation of the business. Sukanya will be based out of Pune, India, and report directly to CEO & MD Warren Harris. The global delivery, practice organisation, and digital information office teams will report to her.
Sukanya brings to Tata Technologies more than three decades of formidable knowledge and experience in the services sector, having previously served in various senior leadership capacities at Tata Consultancy Services (TCS). Before joining Tata Technologies, Sukanya held the position of senior vice president & chief information officer at TCS, leading strategic transformation initiatives across the organization. A technologist at heart, Sukanya’s extensive experience in managing large, complex relationships with clients across the globe will significantly strengthen Tata Technologies’ ability to navigate evolving business landscapes as It scales up its relationship with top automotive, aerospace and industrial heavy machinery customers.
Tata Technologies CEO & MD Warren Harris expressed his enthusiasm for Sukanya’s appointment, stating, “Sukanya’s exceptional track record and depth of experience in the technology and services Industry will be a tremendous asset to our leadership team. I am confident that her insight and guidance will help our team prepare for the next phase of our growth as we scale up our relationships with Top R&D spenders across the world.”
Tata Technologies COO S Sukanya shared her delight at the new opportunity, stating, “Joining Tata Technologies is a thrilling opportunity for me to contribute to a company that stands at the forefront of engineering innovation. I am eager to leverage my experience to drive operational excellence, enhance customer engagement, and support the Company’s strategic growth initiatives. Together, we will work towards achieving Tata Technologies’ vision of engineering a better world.”
Sukanya’s appointment showcases Tata Technologies’ focus on strengthening its leadership team and preparing the Company for significant growth and innovation. Her experience and leadership in the technology sector make her an invaluable asset to Tata Technologies as the Company continues to deliver on its mission of helping the world to drive, fly, build, and farm by enabling customers to realize better products.
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.
