16 hours ago · Bernard Arnault drew parallels between layoffs at Tiffany & Co. and job cuts at Meta on an earnings call Tuesday. The CEO of the luxury conglomerate LVMH said he talked with Mark Zuckerberg last ...

7 hours ago · Bernard Arnault, in an LVMH earnings call, used a bizarre new term for tech layoffs when referencing a conversation with Meta's Mark Zuckerberg.

1 day ago · Bernard Arnault drew parallels between layoffs at Tiffany & Co. and job cuts at Meta on an earnings call Tuesday.. The CEO of luxury conglomerate LVMH said he last week talked with Mark Zuckerberg about letting low-performing Meta staff go. Arnault said those workers were being “promoted outwards, so to speak.”

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 ...

9 hours ago · Arnault said on a Tuesday earnings call he had spoken with Zuckerberg about the layoffs, and said those workers were being “promoted outwards, so to speak.” In mid-January, Meta announced in an internal memo it was cutting about 5% of staff based on performance, but planned to hire new people to fill their places.

14 hours ago · Bernard Arnault, CEO of LVMH, discussed recent job cuts at Tiffany & Co. during an earnings call, comparing them to layoffs at Meta. He described laid-off Meta employees as being "promoted outwards" after speaking with Mark Zuckerberg. Arnault stated that Tiffany had to let go of some staff to meet high performance goals.

15 hours ago · Bernard Arnault said he "didn't have a choice" about cutting jobs at Tiffany. ... 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." ...

1 day ago · LVMH CEO Bernard Arnault sounded upbeat about what President Donald Trump’s policies could mean for the world’s largest luxury company during its 2024 earning call Tuesday. The call came days ...

Sep 28, 2024 · Mark Zuckerberg’s wallet keeps getting fatter. The Meta CEO is now the second-richest person in the world, overtaking Jeff Bezos and Bernard Arnault. With a personal fortune of $206 billion,...

Aug 6, 2024 · Meta founder Mark Zuckerberg overtook French luxury goods tycoon Bernard Arnault on Tuesday as the third-wealthiest person in the world, after Meta shares increased and LVMH’s shares fell.