1 year ago
Investor tells Google: Cut costs, stop paying staff so much
Activist investor TCI Fund Management is calling on Google's parent Alphabet to pursue aggressive cost cutting on the back of a hiring spree during the pandemic, claiming the business could be more efficiently run. The UK-based hedge fund first bought Alphabet stock in 2017 and currently has shares valued at more than $6 billion in its portfolio, which it says indicates its belief in the future of the organization.
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https://www.theregister.com
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