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LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’
Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.
Bernard Arnault, world's richest non-American, drops absurd new term for tech layoffs
Bernard Arnault, in an LVMH earnings call, used a bizarre new term for tech layoffs when referencing a conversation with Meta's Mark Zuckerberg.
Bernard Arnault says laid-off Meta staff were 'promoted outwards' — and LVMH's Tiffany is doing the same
Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."
LVMH’s CEO Bernard Arnault Does Not Deny DFS Sale As Stock Slides
French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.
9d
on MSN
Mark Zuckerberg at inauguration 2025: See photos of Meta CEO as Donald Trump sworn in
Meta and Facebook CEO Mark Zuckerberg (L) speaks with U.S. Sen. Tom Cotton (R-AR) during the inauguration of U.S.
12d
on MSN
Facebook boss Mark Zuckerberg blamed former lieutenant Sheryl Sandberg for pushing ‘inclusivity initiative’ in meeting with Trump aides: report
Stephen Miller told Zuckerberg that the billionaire mogul had “an opportunity to help reform America, but it would be on ...
Opinion
12d
Opinion
Mark Zuckerberg’s MAGAmorphosis Is Making Even More Sense Now
The New York Times reports that the Meta CEO signaled to Stephen Miller that he wouldn't obstruct Trump’s agenda during a ...
1d
on MSN
'Really anxious': Google workers, fearing layoffs, launch pressure campaign on CEO
Google workers are signing a petition by the Alphabet Workers Union pushing for job security against layoffs, as the specter ...
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