Alphabet has too many employees, needs to cut costs: Hedge Fund TCI

Alphabet has too many employees, needs to cut costs: Hedge Fund TCI

• By Staff Writer

Activist investor TCI Fund Management wrote to Alphabet, asking it to cut costs and take aggressive action like increasing share buybacks. The hedge fund added that the company has too many employees, and the cost per employee is too high. TCI, an Alphabet investor, also asked Alphabet to disclose its operating profit margin targets and reduce losses in Other Bets.