MAKEUP
• L’Oréal USA will cut 500 jobs from a workforce of 10,500. That's nearly 5 percent of the company gone by the first half of 2009. How unpretty. [Cosmetic News]

FRAGRANCE
• Though sales of makeup are declining, mascara sales rose 4 percent (or $22 million) from last year. The popularity of mascaras with oscillating brushes by Lancôme and L’Oréal largely contributed to the boost. [Heard on the Runway/WSJ]

• Miss your alma mater? Now it's only a smell away, thanks to a new line of perfume from Masik Collegiate Fragrances. The brand debuts this year with scents for University of North Carolina–Chapel Hill and Penn State. Universities of Georgia, Florida, Alabama, Tennessee, Auburn University, and Louisiana State are all on deck. [Now Smell This]

SKIN
• A sun tattoo is pictured here. Bets on it catching on? [Jezebel]

• Chanel is launching an anti-wrinkle line called Ultra Correction Line Repair. Prices will range from $77 to $135, and model Shalom Harlow will star in the campaign. [WWD]