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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.
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.
‘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.
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.
2h
Mark Zuckerberg to employees in leaked all-hands meeting: ‘buckle up’
Zuckerberg kicked off the meeting mostly reiterating his predictions on AI and smart glasses from Meta’s earnings call the day before. He went into more detail on the company’s smart glasses with ...
3h
Meta CEO Mark Zuckerberg tells employees to 'buckle up' for an 'intense year' in a leaked all-hands recording
Meta CEO Mark Zuckerberg addressed the company's rollback of DEI programs and its community-notes model in a leaked recording ...
13d
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 ...
13d
on MSN
Tumultuous 2025 for Meta? Mark Zuckerberg warns staff in an internal memo: Be prepared for an intense year
Meta CEO Mark Zuckerberg has now issued an internal memo warning his employees that poor performers in the company would laid ...
10d
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.
Opinion
13d
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 ...
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.
CNN on MSN
23d
Mark Zuckerberg’s MAGA makeover will reshape the entire internet
Meta CEO Mark Zuckerberg is making sweeping changes to the social internet, all in line with the desires of President-elect ...
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