Google
Cutting 12,000 jobs step in right direction: Investor tells Google
As Google's parent company Alphabet Inc eliminated 12,000 jobs or 6 per cent of its workforce, investor Hedge fund billionaire Christopher Hohn wrote a letter to Sundar Pichai advising him to "cut thousand more jobs".
In a viral letter to the company's CEO, dated Jan 20, the billionaire said that Google's 12,000 layoff is a step in the right direction, but it does not reverse the very strong headcount growth of 2022.
"Ultimately management will need to go further," Hohn told Google.
The founder of The Children's Investment Fund Management (TCI) holds a $6 billion stake in Google-parent company Alphabet, The Telegraph reported.
On Jan 21, Google announced layoffs.
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