LVMH CEO Bernard Arnault compared layoffs at Tiffany & Co. to job cuts at Meta, drawing a parallel between the two companies. Arnault revealed that he had discussed Meta’s decision to let go of low-performing employees with Mark Zuckerberg last week,

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.

Arnault, the billionaire CEO of the luxury conglomerate, had criticized proposed French tax hikes earlier this week.

Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."

Arnault announced that world-famous jewelers Tiffany & Co will be laying off or “promoting outwards” underperforming workers.

Bernard Arnault, in an LVMH earnings call, used a bizarre new term for tech layoffs when referencing a conversation with Meta's Mark Zuckerberg.

The business world has a history of coming up with polite terms to couch unpleasantness. In the past, when it comes to job cuts, CEOs have “let go,” “made

Like the many editions before it, this latest Watch Instagram Power Rankings was a joy to put together and meticulously handcrafted in a Genevan workshop to guarantee total chronometric accuracy. Thanks to all the collectors for sharing their photos of these pieces.

In a meeting held Thursday, Meta's chief allayed fears of changes to the company's hybrid work policy.

Meta CEO Mark Zuckerberg reportedly weighed in earlier this week on leaks coming from internal company all-hands meetings, according to leaked audio.

Zuckerberg on Thursday discussed a range of issues during a meeting, most noticeably the dismantling of Meta's fact-checking policies and diversity programs. Zuckerberg made it clear that the company was abandoning both in order to curry favor with the Trump administration.

Meta CEO Mark Zuckerberg used an all-hands meeting Thursday to prepare staff for an "intense" year ahead and address recent controversial moves.