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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."
47m
Mark Zuckerberg warns of ‘intense year’ as Meta faces stiff AI competition, layoffs
Amid the DeepSeek tremor in Silicon Valley, Meta CEO Mark Zuckerberg has warned employees to brace for an “intense year”.
10h
Meta Is Dismantling DEI Programs but Tells Investors It Still Wants ‘Cognitive Diversity’
Cuts to diversity programs and other policy changes have frustrated some of Meta’s workers. One former employee calls it “a ...
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.
20h
on MSN
Meta to Pay Donald Trump $25 Million Over Facebook Ban
Returning president was suspended from popular social media platform in wake of the January 6th Capitol riots.
4h
Meta Vows To Fire Leakers After Mark Zuckerberg's Private Comments Made Public — CEO Says, 'It S**ks'
Meta CEO Mark Zuckerberg expressed frustration over leaks from an internal meeting, prompting the company to issue a strict ...
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.
Oneindia
15d
Facebook Parent Meta Layoffs: 3,600 Employees Axed As Mark Zuckerberg Pushes For Efficiency
Layoffs: Meta Platforms plans to cut about 3,600 jobs, part of CEO Mark Zuckerberg's initiative to enhance operational ...
1d
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 ...
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