(CNN) – Estée Lauder is feeling the effects of the coronavirus.
The cosmetic giant announced major changes, including up to 2,000 layoffs.
At least 10% of Estée Lauder stores will be closing.
Company officials say the pandemic has affected the bottom line and announced a two-year plan to adjust its investments.
They’ll also focus on digital capabilities, advertising and promotions.
More stories from WKBN.com: