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  • Mwandishi
    Machapisho
    • #9543
      UTAMADUNI
      Msimamizi
      ,

      Activist Investor

      TCI requests Google

      Parent Company

      Alphabet to

      Cut Costs/Staff.

       

       

      Following mass layoffs at #Twitter, #Meta na #SalesForces including eliminating employee free perks, benefits and lunches Google’s parent company Alphabet has been asked to cut staff and reduce salary expenses.

       

      British activist hedge fund, TCI Fund Management, which holds a US$6 billion stake in Google’s parent company Alphabet, sent a letter of assessment to Alphabet Chief Executive Sundar Pichai on the tech giant’s ongoing cost base, recent “excessive” headcount growth and hoped Google could be 20% more efficient by trimming employees, with potentially lower salaries.

       

      Alphabet previously mentioned on its third-quarter earnings forecast, a reduced pace of hiring in 2023.

       

       

       

       

      #Twitter #Meta #AI #ArtificialIntelligence #Alphabet #SalesForces

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