Avon Products, the door-to-door cosmetics seller conducting an internal bribery probe, and which has been targeted by the Securities and Exchange Commission, rose 1.5 percent to close at $17.80 after saying it will cut jobs and identify other ways to reduce costs.

CFO Kimberly Ross said on a conference call that the company has opportunities to reduce its headcount immediately. Avon is working with McKinsey to restructure its global operations and cut costs in North America, a person familiar with the matter said.

Fourth-quarter profit excluding restructuring costs and expenses related to its Silpada jewelry business totaled 39 cents a share, Avon said. Analysts projected 53 cents. Avon said sales declined and costs rose during the quarter amid higher distribution expenses.

Avon is looking to replace CEO Andrea Jung after slowing sales and internal probes prompted a 40 percent drop in its shares last year.