4 ms·
Citation (other than Business Insider) needed
by wepple 3y ago
Citation (other than Business Insider) needed
- rcme 3y agoHow about the Wall Street Journal? https://www.wsj.com/articles/activist-investor-calls-on-google-parent-alphabet-to-slash-costs-11668528859 https://www.wsj.com/articles/activist-investor-calls-on-goog... Or The Guardian? https://www.theguardian.com/technology/2022/nov/15/major-investor-calls-on-google-owner-to-aggressively-cut-staff-and-pay https://www.theguardian.com/technology/2022/nov/15/major-inv... > “We are writing to express our view that the cost base of Alphabet is too high and management needs to take aggressive action,” TCI wrote in the letter, signed by managing director Christopher Hohn. “The company has too many employees and the cost per employee is too high.”
- saagarjha 3y agoWhat makes you think that TCI was the reason for the layoffs?
- rcme 3y agohttps://www.teamblind.com/post/Google-Layoffs---TCI-Fund-Yq4xFE1j https://www.teamblind.com/post/Google-Layoffs---TCI-Fund-Yq4... This is a follow-up from TCI
- jeffbee 3y agoYour interpretation of these facts is rather loose.
- rcme 3y agoHow so? Here are the facts: 1. TCI writes a letter to Google saying that they should layoff employees. 2. A few weeks later, Google lays off employees. 3. Literally the day the Google layoffs are announced, TCI writes a letter to Google saying "I have appreciated our recent dialogue concerning Alphabet's cost base. I am encouraged to see that you are now taking some action to right size Alphabet's cost base and understand that it is never an easy decision to let people go." How else should these facts be interpreted.