Bernard Arnault says laid-off Meta staff were ‘promoted outwards’ — and LVMH’s Tiffany is doing the same
Bernard Arnault is worth more than $200 billion. Bernard Arnault drew parallels between layoffs at Tiffany & Co. and job cuts at Meta on an earnings call Tuesday. The CEO of luxury conglomerate LVMH said he last week talked with Mark Zuckerberg about letting low-performing Meta staff go. Arnault said those workers were being “promoted…
EY report doubles down on diversity initiatives as DEI comes under scrutiny in Trump’s first weeks in power
Donald Trump has targeted DEI Initiatives for federal government workers. A new report from the Big Four professional services firm EY has underlined the importance of diversity, equity, and inclusion (DEI) strategies in improving productivity and workforce innovation. The report, titled “DE&I interventions that deliver,” considers the impact of inclusive policies in the context of…
KPMG UK partner payouts jump 9% to record high of about $1 million
Revenues at KPMG UK’s advisory division fell by 4% in the latest financial year. KPMG UK’s most senior staff collected record pay packets despite slowing revenue growth. UK partners received an average of £816,000 (about $1 million) for the year to September 30, the firm said in its annual report released Wednesday. The 9% rise…
I was laid off from Spotify after moving to Sweden for the job. I had to leave the entire life I built behind and am still looking for work.
Sophia Omarji. In January 2023, I moved from the UK to Sweden for my dream job at Spotify. I’d been at the company since July 2022, when I joined as a user experience research intern, and secured a full-time associate role and later a promotion. As a music psychology graduate, joining Spotify was a dream…
I was ready to retire. Then my 40-year-old daughter died, and I had to put all my plans on hold.
The author’s daughter died unexpectedly and left a 4-month-old baby for her to take care of. Anticipating retirement as a single mother, I made a major move to be closer to family. With two kids out of college, both married, the prospect of grandchildren, and the ocean close — a side benefit — I could…
Inflation cooled more than expected in March despite Trump’s warnings of more tariffs to come
The Bureau of Labor Statistics released new consumer price index data on Thursday. Inflation cooled more than expected in March despite President Donald Trump’s warnings that he would impose more tariffs. The consumer price index increased 2.4% from a year prior compared to the forecast of 2.5%. It’s the second straight month of cooling and…
Why Trump blinked on tariffs — and why the turmoil isn’t over yet
President Donald Trump said markets were getting a “little bit yippy.” President Donald Trump granted investors a temporary reprieve after putting them through the wringer. Wall Street isn’t breathing easy yet. He unveiled sweeping “reciprocal” tariffs last week that tanked the stock market, sending the S&P 500 down 12% in four trading days. On Wednesday,…
AI models like working a lot more with Apple’s mobile platform than Google’s
Bugs! When your mobile app crashes, there’s often a mad scramble to track down the software bug and fix it fast. Now there’s AI for that. But the technology works a lot better with Apple’s iOS platform than Google’s Android, according to a study released on Thursday. A software company called Instabug built a tool…
Meta whistleblower claims the company put profit over the safety of children in Horizon Worlds
Horizon Worlds is Meta’s online virtual reality platform. A former Meta employee has accused the company of knowingly allowing children onto its virtual reality platform, Horizon Worlds, despite safety risks and potential violations of federal law. Kelly Stonelake, who worked for the company for nearly 15 years and led product marketing for Horizon Worlds until…
