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Bernard Arnault, LVMH

Hosted on MSN · 1d

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.

Business Insider on MSN · 1d

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."

SFGATE on MSN · 1d

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.

1d

LVMH shares fall as sales growth fails to impress

Shares in LVMH fell in early Frankfurt trading on Wednesday, as sales growth posted by the luxury goods group failed to ...

1d

Amazon’s Prime Video Inks Lionsgate Streaming Deal, Will Get Exclusive Window on Films After First Run on Starz

Amazon's Prime Video inked a deal with Lionsgate for an exclusive streaming window on the studio's films after an initial run ...

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