Revlon to Cut 400 Jobs

Revlon will eliminate about 400 jobs worldwide as part of restructuring.

The cosmetics manufacturer will save $30 million a year, and will take $20 million in restructuring and related charges in Q2.

Revlon is a cosmetics company founded in 1932 in New York City by Charles Revson and his brother Joseph, along with a chemist, Charles Lachman, who contributed the “L” in the REVLON name. It employs 6,800 globally.