TCI Fund CEO Chris Hohn calls for more layoffs and salary cuts at Google
TCI Fund Management, founded by Chris Hohn, owns 0.27 percent outstanding shares of Alphabet Inc, which is worth nearly 6 billion dollars
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TCI Fund Management, founded by Chris Hohn, owns 0.27 percent outstanding shares of Alphabet Inc, which is worth nearly 6 billion dollars
The recent firm to join this layoff trend is Google’s parent company Alphabet, which is preparing to lay off 10,000 ‘poor performing’ employees starting in early 2023.
The COVID-19 pandemic moved much of the world online and led to a boom, especially for high-tech companies in the United States over the past two years, but it couldn't last indefinitely.
Google to lay off 10,000 employees based on performance: Report
A letter from a UK investor claims Google's current headcount is “excessive” as compared to hiring patterns in the past. As such, the company may lay off its low-performing employees to reduce costs.