Andrea Jung

Avon to Cut 1,500 Jobs; CEO Says Layoff Will Stabilize Company

Struggling beauty products seller Avon said late Tuesday it will cut about 1,500 jobs and exit the South Korea and Vietnam markets. The job cuts amount to almost 4 percent of its workforce and are one of the first major moves by CEO Sheri McCoy, who in April replaced longtime CEO Andrea Jung.

Why Avon Will Never Be Great Again

Investors are starting to realize that when it's Avon calling, they probably shouldn't answer. The cosmetics company is unlikely to escape its steady decline, despite the unblushing optimism of Wall Street analysts.

The Most Powerful Women in Business

From PepsiCo to Avon to Xerox, these women are responsible for some of the biggest companies and brands that consumers touch and feel everyday. And this year, there's a new No. 1 on Fortune's list of the most powerful women.