TCI Fund Management Pressures Alphabet To Cut Costs

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ValueWalk

What’s New In Activism – TCI Fund Management At AlphabetGoogle’s parent company Alphabet Inc (NASDAQ:GOOGL) faces pressure from activist TCI Fund Management to take action to cut costs. Q3 2022 hedge fund letters, conferences and more “The company has too many employees and the cost per employee is too high. Management should publicly disclose an EBIT margin target, substantially reduce losses in Other Bets and increase share buybacks,” the statement argued. The activist stated Google’s Search business has high operating leverage and is not labour intensive. It further highlighted total expens…

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