L'Oreal plans major layoffs in China amid sales slump

Reduced domestic consumption, weaker yuan drive product decline

20250421L-OREAL-CHINA-ECOMMERCE

Staff members work at a counter of cosmetics brand L'Oreal at a shopping mall in Beijing. © Reuters

FENG YIMING and DENISE JIA, Caixin

L'Oreal is planning to lay off up to half its travel retail workforce in China, as the French cosmetics giant grapples with prolonged weakness in duty-free sales, multiple sources told Caixin.

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