Coty Cuts 700 Jobs Amid Global Restructuring Plans

Coty Inc. is implementing the next phase of its 'All-in to Win' transformation program, which will result in the elimination of approximately 700 jobs globally—about 5% of its workforce—as part of efforts to streamline operations and adapt to industry changes. The company aims to generate up to $500 million in fixed cost and productivity savings between fiscal years 2025 and 2027, with $130 million in annual fixed cost reductions targeted, including $80 million in 2026 and $50 million in 2027. CEO Sue Nabi cited factors such as evolving consumer behavior, rapid e-commerce growth, and a shifting geopolitical landscape as key reasons for the restructuring. In addition to organizational changes, Coty plans to implement an AI-powered demand planning system and enhance its innovation pipeline. The company has already saved $700 million since the initial launch of the program in 2021, but recent financial challenges, including missed quarterly estimates and a declining stock price, have prompted further action. The overhaul is designed to strengthen Coty's operating model, boost margins, and position the company for sustainable growth.