Nothing good – the recent layoffs hit its best and brightest leaders hard
heralded the news with"Alphabet's Profit Drops 27 Percent From a Year Earlier." That November news was"bad" enough for activist hedge fund investor:"The company has too many employees, and the cost per employee is too high."
TCI admitted that:"Alphabet employs some of the most talented and brightest computer scientists and engineers, but these represent only a fraction of the employee base." True, but it's not the administrative and marketing staff making that kind of money. And, by the way, Google just got rid of some of its"most talented and brightest."
Given that, it should be no surprise that Hohn called Google's chopping thousands a"step in the right direction." But it's not enough. Hohn thinks Google's"management should… This would require a total headcount reduction in the order of 20 percent."
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