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Bernard Arnault says laid-off Meta staff were 'promoted outwards' — and LVMH's Tiffany is doing the same
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 ...
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LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’
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 ...
Business Insider1mon
Bernard Arnault says LVMH is not relocating following backlash over his criticism of French tax hikes
While drawing parallels between job cuts at Tiffany & Co. and the layoffs at the Silicon Valley firm, Arnault said that the Meta employees were being "promoted outwards, so to speak." LVMH ...
Nasdaq1mon
Why LVMH Stock Fell Today
Shares of LVMH Moët Hennessy-Louis Vuitton (OTC: LVMUY) slid today as the global luxury giant was one of a wide range of stocks getting hit on the White House's action over the weekend to impose ...
Seeking Alpha11d
LVMH: Not Invited To The Recovery Party
LVMH, once a luxury sector leader, is losing its dominant position with only 1% organic growth in Q4, lagging behind peers like Richemont, Prada, and Hermes. LVMH's unique position between ultra ...