{"id":510368,"date":"2022-11-15T20:20:13","date_gmt":"2022-11-15T17:20:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/google-parent-alphabet-urged-to-cut-costs-by-hedge-fund-tci\/"},"modified":"2022-11-15T20:20:13","modified_gmt":"2022-11-15T17:20:13","slug":"google-parent-alphabet-urged-to-cut-costs-by-hedge-fund-tci","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/google-parent-alphabet-urged-to-cut-costs-by-hedge-fund-tci\/","title":{"rendered":"#Google parent Alphabet urged to cut costs by hedge fund TCI"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4159562f48e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4159562f48e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/google-parent-alphabet-urged-to-cut-costs-by-hedge-fund-tci\/#%E2%80%9CGoogle_parent_Alphabet_urged_to_cut_costs_by_hedge_fund_TCI%E2%80%9D\" >&#8220;Google parent Alphabet urged to cut costs by hedge fund TCI&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CGoogle_parent_Alphabet_urged_to_cut_costs_by_hedge_fund_TCI%E2%80%9D\"><\/span>&#8220;Google parent Alphabet urged to cut costs by hedge fund TCI&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/google-sundar-pichai.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Activist investor\u00a0TCI Fund Management on Tuesday called on Alphabet\u00a0to cut costs and take aggressive action, saying the\u00a0Google\u00a0parent has too many employees and\u00a0should increase share buybacks.<\/p>\n<p>\u201cThe company has too many employees and cost per employee is too high,\u201d\u00a0the hedge fund\u00a0said in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tcifund.com\/files\/corporateengageement\/alphabet\/15th%20November%202022.pdf\">letter<\/a> to Alphabet Chief Executive Officer Sundar Pichai.<\/p>\n<p>Alphabet, whose shares rose 3%, did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to a Reuters request for comment.<\/p>\n<p>The fund, an Alphabet investor since 2017, said the company should also disclose its operating profit margin targets and reduce losses in Other Bets, the unit that includes Waymo and other special projects.<\/p>\n<p>TCI said Alphabet pays some of the highest salaries in Silicon Valley and the growth in headcount was \u201cexcessive,\u201d noting that the company has increased it at an annual rate of 20% since 2017 and has more than doubled it since then.<\/p>\n<p>\u201cCost discipline is now required as revenue growth is slowing. Cost growth above revenue growth is a sign of poor financial discipline,\u201d the fund said in the letter.<\/p>\n<p>TCI said it currently owns shares valued at more than $6 billion.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/15\/google-parent-alphabet-urged-to-cut-costs-by-hedge-fund-tci\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Google parent Alphabet urged to cut costs by hedge fund TCI&#8221; Activist investor\u00a0TCI Fund Management on Tuesday called on Alphabet\u00a0to cut costs and take aggressive action, saying the\u00a0Google\u00a0parent has too many employees and\u00a0should increase share buybacks. \u201cThe company has too many employees and cost per employee is too high,\u201d\u00a0the hedge fund\u00a0said in a letter to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":510369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/google-sundar-pichai.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135574,71767,26293,71070],"class_list":["post-510368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-15-22","tag-alphabet-inc","tag-google","tag-hedge-funds"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/510368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=510368"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/510368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/510369"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=510368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=510368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=510368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}