15 hours ago · The CEO of the luxury conglomerate LVMH said he talked with Mark Zuckerberg last week about letting low-performing Meta staff go. Arnault said those workers were being "promoted outwards, so to ...

LVMH CEO Bernard Arnault calls Mark Zuckerberg’s move to lay off low-performing Meta employees a chance for the ... Meta announced in an internal memo it was cutting about 5% of staff based on ...

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.”

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.

9 hours ago · At least that’s how LVMH CEO Bernard Arnault sees it. 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.

1 day ago · Demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell Wednesday in reaction to a mixed set of results from Louis Vuitton’s owner, LVMH. After [Burberry ...

16 hours ago · Arnault's comments come as LVMH posted a slight rise in fourth-quarter sales. The luxury bellwether beat expectations with a 1% rise in sales as demand for designer fashion and handbags picked up ...

1 day ago · PARIS (Reuters) - Luxury giant LVMH is "seriously considering" bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a "wind of optimism" in the ...

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,...

Mar 16, 2022 · PARIS — In a sign of the growing pull of the metaverse, LVMH Moët Hennessy Louis Vuitton has created a virtual ambassador to present its brand innovations at the next edition of the Viva...