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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.
‘Promoted outwards’: French CEO coins new term for tech layoffs
The business world has a history of coming up with polite terms to couch unpleasantness. In the past, when it comes to job cuts, CEOs have “let go,” “made redundant,” and “rightsized” staff, among other attempts to avoid saying “laid off” or “fired.
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 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.
Tech.co on MSN
14d
Meta Layoffs Incoming As Zuckerberg Predicts “Intense Year”
Mark Zuckerberg warns that 5% of Meta workforce is going to be cut; and "low performers" will be targeted first.
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 ...
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.
The HR Digest
14d
Zuckerberg announces Meta layoffs as company trims low performers
Meta has undergone significant restructuring since 2022, beginning with the layoffs of approximately 11,000 jobs. In 2023, ...
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 ...
abp LIVE
15d
Meta Layoffs: 3,600 Employees To Lose Job Over THIS Reason As Mark Zuckerberg Announces 5% Job Cuts In Internal Memo
Issuing a separate message by a company director, the firm pointed out that it is letting go of ‘approximately 5 per cent of ...
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 ...
14d
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.
1d
Mark Zuckerberg Plans to Replace Some Coders With AI, Which Might Prove Tricky
Midlevel staff are often the first targets of corporate downsizing efforts, but Meta’s plan to replace an entire tier of ...
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