Sephora, the makeup company recently in the hot seat for holding $487 million at Silicon Valley Bank, is laying off workers for the first time in five years. The San Jose-based firm announced the 200-worker layoff round in a Securities and Exchange Commission filing Thursday and said it will also leave or sublease unoccupied office facilities. The move will cost Sephora $30 million to $35 million in severance and notice pay, benefits, and office costs, the filing said. The workforce cut represents 89% of Sephora’s employees. A company spokesperson told SFGATE this wave of cost-cutting is an attempt to slow operating expense growth, focused on “lower-priority programs and initiatives.” The company cited similar reasoning for its November layoff round, also affecting 200 workers. The company, like many who have cut down workforces in recent months, used dehumanizing language and avoided the term “layoff” in its regulatory filing — a “restructuring plan” will “impact” employees.