Companies that make cosmetics Estee LauderMonday’s announcement by the company was that John Demsey had been fired, days after Demsey acknowledged posting racist comments on his social media accounts.

It was announced in a letterIt was then shared worldwide with employees.

Demsey (65) was subject to backlash after an Instagram photo he posted contained the N-word, and joked about Covid-19. Initially, he was suspended without pay. Demsey oversaw Clinique’s cosmetic brand management and later issued an apology in another posting.

Demsey stated, “I am so deeply sorry and ashamed that I caused so many people so much pain when I reported a racist meme carelessly without having read it first.”

The Wall Street JournalDemsey was first reported by.

Estee Lauder’s recent decision is part of an initiative that aims to make the world more fair and inclusive in the next two years. We are all making great progress in fulfilling our obligations to our workers, our customers, and our partners.

The company’s shares fell 2.4% to $293.01 due to a wider market downturn.