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.
Read more: https://www.theregister.com/2022/11/16/tci_fund_google_cut_costs_waymo_compensation/?source=Snapzu