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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 CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’
LVMH CEO Bernard Arnault calls Mark Zuckerberg’s move to lay off low-performing Meta employees a chance for the workers to be "promoted outwards, so to speak." If you were just laid off, you were actually "promoted outwards." At least that’s how LVMH CEO Bernard Arnault sees it.
Bernard Arnault, world's richest non-American, drops absurd new term for tech layoffs
Bernard Arnault, whose perch at the head of luxury goods conglomerate LVMH has made him the world’s richest non-American, just dropped an absurd new term for layoffs in the tech industry. While discussing layoffs at subsidiary Tiffany & Co.
11d
on MSN
Meta rebranded performance-based layoffs as ‘non-regrettable attrition’
The tech giant is cutting thousands of employees in a round of performance-based layoffs. Here’s why that could cost Meta, ...
3d
2025 Layoffs: Meta, Microsoft, And BlackRock Join The Trend Amid AI Shift
While workforce cuts raise concerns, the tech sector is poised for significant growth, with jobs in big data, fintech, and AI ...
15d
Meta layoffs: Facebook parent company cutting 5% of workforce, focusing on 'low performers'
Meta is planning to cut about 5% of its workforce, with a specific focus on the company's lowest-performing employees.
14d
Meta To Lay Off More Than 3,600 Employees As CEO Mark Zuckerberg Axes ‘Low Performers’
Meta is set to lay off over 3,600 employees, or roughly 5% of its “lowest performers.” In an internal memo posted on the ...
15d
Meta to lay off 5% of workforce, about 3,600 employees, in performance-based cuts
According to Bloomberg, Zuckerberg made the announcement via a company memo posted on the company's internal Workplace forum this week.
14d
The linguistic somersaults Meta and other companies use to disguise how job cuts are coming
When companies cut jobs, many resort to language like "rightsizing" to try to soften the blow. It doesn't work.
11d
on MSN
Jim on Meta Platforms Inc. (META): Layoffs, Efficiency, and Zuckerberg’s Bold Moves
We recently published a list of Jim Cramer Discussed These 18 Stocks As Inflation Dropped. In this article, we are going to ...
9d
Meta Makes 'Intense Year' Forecast And Big Layoffs
Meta Platforms is looking to cut its headcount by 5%, which shows the efficiency drive by the management. Read why META stock ...
19h
on MSN
Meta sends mixed signals as quarterly sales beat estimates but outlook muted
Meta Platforms beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first ...
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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