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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.
Forbes
14d
Leaked Zuckerberg Memo Warns Of Meta Layoffs And ‘Intense Year’ Ahead
Meta
announces low performers will be cut. Zuckerberg wrote in a post on Workplace, the company’s internal forum, that the company would begin making cuts based on performance during the year ...
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.
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 ...
1d
With Tampons and Code, Silicon Valley Workers Quietly Protest Tech’s Rightward Shift
As Mark Zuckerberg and other tech titans have embraced President Trump and muffled internal dissent at their companies, their ...
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 ...
12d
on MSN
How a 'low performer' label can make things worse for laid-off workers
Experts say such labels can create additional barriers for laid-off employees searching for new jobs.
6h
on MSN
'Difficult Decision': Amazon Announces a New Round of Layoffs. Here Are the Roles Affected.
Amazon spokesperson Brad Glasser told Bloomberg that the company was making changes to "move faster, increase ownership, ...
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