Wal-mart is ending a two-year contract with SkinCare to help it expand its line of skin care products.
The skin care division, which includes skin care formulations like Emo Toner, Skin Deep, and Skin Empowering, is cutting $5 million in the current year, and will lay off about 2,000 people, the company said in a statement Tuesday.
Wal-Marts skin care operations will still have jobs in the U.S., and it said the layoffs were a part of its plan to “build a stronger and more diverse portfolio of skincare products.”
“We are focused on building a strong skin care brand and an effective, affordable, and sustainable brand,” the company added.
Walmart is still expected to hire another 2,500 people this year, it said.
WalMart, which also sells some of its other skin care brands, recently announced a deal with Walgreens, which sells many of its skin-care products, to make it easier for people to buy the products at the pharmacy.
The Walgros skin care product line was created in 2015, and it includes Emo, Emo-L, Emojic, Emos, Emoticons, and Emoticens.
The company plans to expand its skincare business in the future, the statement said.
“As we move to a new chapter, we will invest in skin care as part of our broader wellness efforts,” Walgops senior vice president of global marketing and sales Adam Trew says in the statement.
Walgos and Walgreen have been trying to expand their skin care offerings in the last few years, and Walmarts skin- care division has grown to be a big player in the market.
The new hires will be part of a wider reshuffle that also includes the firing of Wal-Kart executive Kevin Tynan, the latest in a string of corporate shakeups.