Google’s profitability came down as well. This affects the stock price, this in turn affects employees (not just hedge funds are invested in the stock, employee

Google’s profitability came down as well. This affects the stock price, this in turn affects employees (not just hedge funds are invested in the stock, employees get a lot of their salary that way) This creates a pressure on Google to try and raise their profitability, and one way to do that is cut on areas where it seems wasteful. The letter mentioned above is just a trailing sign of this in my opinion.