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Avon Cosmetics Fires 1,300 Employees

Avon, US direct-selling cosmetics company, will fire more than 1,300 employees before the end of the year, according to a report filed by Avon with the US Securities and Exchange Commission.

Avon's board of directors approved this latest initiative to move forward in the company's "ongoing process to take layers out of the organization," the report said.

Last November, Avon embarked on a multi-year restructuring program. Since then, the global direct-seller has taken steps to streamline its operation.