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 ...
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 ...
Heard on the Street: LVMH Stock Price Drops on Luxury Reality Check
Demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell Wednesday in reaction to a ...
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 ...
Fed Meeting Today: Interest Rates Seen on Hold; Futures Tick Higher
Will the Fed keep interest rates steady, or is an adjustment incoming? The central bank announces its decision at 2 p.m. ET. Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and ...
‘Promoted outwards’: French CEO coins new term for tech layoffs
The business world has a history of coming up with polite terms to couch unpleasantness. In the past, when it comes to job ...
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Stocks Set to Open Higher With All Eyes on Fed Rate Decision and Big Tech Earnings
On the economic data front, investors will focus on U.S. Wholesale Inventories data, which is set to be released in a couple of hours. Economists expect the preliminary December figure to be +0.2% m/m ...
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