Unable to load image
Reported by:

Investors send letter to Google to fire more people and told them their average pay is too much

https://www.teamblind.com/post/Google-investor-TCI-asking-for-more-layoffs-Hdbc5SGQ

								

								

Who's next on the chopping block? They even say codecels aren't really competitive anymore.

Link to letter for those who don't want to sign up to Blind. https://www.tcifund.com/files/corporateengageement/alphabet/20th%20January%202023.pdf

I meant to post this in /h/slackernews. :marseyraging:


Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp https://i.rdrama.net/images/17156480765435808.webp

176
Jump in the discussion.

No email address required.

lol they own .4% of Google and it's ~20% of their holdings. They are :marseypoor: hedgies.

![](/images/1674513737301809.webp)

Jump in the discussion.

No email address required.

.4 % of google ain't a small number

Jump in the discussion.

No email address required.

It means that Google isn't going to really care what they are suggesting, especially with their stock rising over the last few days.

![](/images/16745172181050494.webp)

Jump in the discussion.

No email address required.

Im pretty sure the stock rising is because they're axing people. And if tbey axed more it would go higher simply because it means theres less people sapping their returns

Jump in the discussion.

No email address required.

Somewhat true but there is an equilibrium. If the stock wasn't moving higher even with the layoffs that would be a bigger indicator that more are needed, however Google's revenue per employee has still risen a lot over the years.

Jump in the discussion.

No email address required.

Yeah but dont you think it could be even higher if they cut some dead weight?

Jump in the discussion.

No email address required.

Maybe in the short term but a lot of people in the companies are relying on the stock growing long term and they need a ton of codecels to manage their current operations plus more to innovate and grow. It's probably better off to just keep with the hiring freeze rather than firing positions they will probably just hire again later this year, especially when they are offering like 6 month severance packages.

Jump in the discussion.

No email address required.

Activist investors don't need to own many voting shares to exert influence, they just need to convince enough of the other stockholders, eg by publishing letters laying out their rationale for even more staff cuts.

Jump in the discussion.

No email address required.

Then I respect them even more for telling Google to shitcan more ppl

Jump in the discussion.

No email address required.

We should buy a share of Alphabet in the name of rDrama and send them a letter asking them to axe even more people.

Jump in the discussion.

No email address required.

“Steve Akins Holdings.”

Jump in the discussion.

No email address required.



Now playing: Disco Train (DKC2).mp3

Link copied to clipboard
Action successful!
Error, please refresh the page and try again.