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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.
13d
Leaked Zuckerberg Memo Warns Of Meta Layoffs And ‘Intense Year’ Ahead
According to an internal memo, Meta plans to cut 5% of its workforce in February. What's ahead for the parent of Facebook - ...
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 ...
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.
14d
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.
Shacknews
15d
Meta to layoff around 3,600 in 'performance-based cuts'
Meta
, formerly known as Facebook, has signaled that it intends to
lay off
around 3,600 employees, or about 5 percent of its workforce, in the coming weeks. According to an internal statement from ...
15d
Meta plans to layoff at least 5% of its staff based on performance in latest move to revamp company
Meta’s restructuring announcement is part of a larger restructuring effort at Meta, which began last year under what ...
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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