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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, 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.
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’s CEO Bernard Arnault Does Not Deny DFS Sale As Stock Slides
French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.
13h
on MSN
Amazon Cuts Dozens of Corporate Jobs in Latest Round of Layoffs
Amazon.com Inc. is laying off dozens of people in its communications department, the latest culling of the corporate ...
20h
on MSN
Minnetonka e-commerce firm to shut down, resulting in 122 layoffs
A Minnetonka e-commerce company is closing down, with more than 120 workers set to be laid off. Digital River Inc. informed ...
fox61
20h
Pratt & Whitney spokesperson confirms small number of layoffs globally
Pratt & Whitney is an aerospace manufacturer, a subsidiary of RTX Corporation (formerly Raytheon) and a defense contractor ...
14h
on MSN
Oklahoma aerospace sector aims to retain talent amid Boeing layoffs, industry growth
Timothy smith, recruitment manager, delaware resource group"the aerospace (industry) Is taking off in oklahoma. Some are ...
18h
on MSN
Layoffs reported at Pratt & Whitney
EAST HARTFORD, CT (WFSB) - Jet engine maker Pratt & Whitney confirmed a small amount of layoffs. A spokesperson told Channel ...
1d
LEGOLAND Florida layoffs to impact over 200 workers. Here’s what we know
Haven's LEGOLAND Florida announced over the weekend that they would layoff over 200 of its employees. Here's why and what to ...
18h
Connecticut jet-engine maker Pratt & Whitney announces layoffs
Jet-engine maker Pratt & Whitney, which has manufacturing facilities in East Hartford and Middletown, says it is making a ...
TMJ4
1d
Kohl’s announces layoffs at corporate headquarters in Menomonee Falls
More than half of the cuts will come from closing open positions, while the rest will affect current employees.
23h
Starbucks CEO Brian Niccol talks efficiency gameplan, layoffs
Coffee giant Starbucks (SBUX) beat top and bottom line estimates for its fourth quarter — posting adjusted earnings of $0.69 ...
labiotech
1d
Biotech layoffs in 2025: The Labiotech tracker
Stay updated on biotech layoffs in 2025! Each week, we track and analyze industry layoffs, their causes, and their impact.
ReadWrite
4h
Bioware’s spin machine manages to make layoffs sound positive and for the benefit of all when actually…
Bioware’s latest layoff announcement takes corporate doublespeak to new heights. Promises of agility and focus mask yet another brutal round of job cuts.
1d
on MSN
Firings, Freezes and Layoffs: A Look at Trump's Moves Against Federal Employees and Programs
The federal agency that enforces laws against workplace discrimination, the EEOC describes itself as a bipartisan commission ...
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