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☆ Wall Street ignored Big Tech's bloat during boom times. Now it's ready to slice and dice.
▼ + stars: | 2022-11-17 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +6 min

As tech companies' stock has slumped, Wall Street now has leverage over companies. One reason for those layoffs: Wall Street is increasingly getting a say in how the tech giants are run. But 2022's slumping tech stocks and dismal revenue forecasts mean Wall Street suddenly has leverage. The more open question is whether tech companies are truly bloated regarding headcount. Wall Street will want to see companies cut costs, which will mean more layoffs.

☆ Googlers make memes to express anxiety as tech companies including Amazon, Meta, and Twitter lay off thousands
▼ + stars: | 2022-11-16 | by ( Rosalie Chan | Hugh Langley | ) www.businessinsider.com time to read: +2 min

Googlers are creating and sharing memes to express their anxiety about industry layoffs. Sources say they have not heard of planned layoffs at Google, but many employees are still nervous. Amazon, Meta, and Twitter have cut thousands of jobs lately. Across the tech industry, companies including Amazon, Meta, and Twitter are laying off thousands. Meta laid off 11,000 employees, while Twitter laid off more than 3,000 full-time employees, along with many contract workers.

☆ Google must take 'more drastic actions' like layoffs because not enough employees will leave on their own, analyst says
▼ + stars: | 2022-11-16 | by ( Tom Dotan | ) www.businessinsider.com time to read: +3 min

Google's headcount grew much faster than its revenue during the third quarter. Google is now the last major holdout among tech giants to avoid laying off employees amid an economic slowdown. And while the company takes pride in the fact that it's never suffered mass layoffs in its history, there may be no other way out for Google, one analyst says. "Google is likely going to find it difficult to reduce headcount growth below revenue growth without more drastic actions," Shmulik wrote. In the last quarter Google hired around 12,000 new employees, making it 24% larger than it was during the quarter last year.

☆ Introducing Insider's 100 people transforming business
▼ + stars: | 2022-11-16 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

It's my pleasure to introduce to you Insider's list of 100 People Transforming Business in 2022 — our annual celebration of the people who are bucking trends and upending convention across industries. Insider's annual list of the 100 People Transforming Business. 100 People Transforming Business. Twitter insiders worry that a crash is incoming. TCI, a major investor in Google's parent company Alphabet, sent a letter on Tuesday urging Alphabet CEO Sundar Pichai to cut costs.

Google employees are increasingly concerned that layoffs will hit their company, as rivals including Amazon and Meta slash more than 20,000 jobs. From the end of 2018 to earlier this year, the company added almost 100,000 full-time staff, nearly doubling the workforce. "There's a lot of people openly nervous," another Google employee said, while noting that Googlers have been posting internal memes to express their anxiety. "Performance plans are the next step if folks don't respond to the check-ins," a person familiar with the changes said. 'Google execs will want to cut people'Widespread layoffs at Google would be unprecedented.

☆ Activist Investor Calls on Google Parent Alphabet to Slash Costs
▼ + stars: | 2022-11-15 | by ( Miles Kruppa | ) www.wsj.com time to read: 1 min

TCI Alphabet to aggressively cut costs and reduce losses in long-term bets such as the self-driving car unit Waymo. Activist hedge fund TCI Fund Management called on Google parent Alphabet Inc. to aggressively cut costs and reduce losses in long-term bets such as the self-driving car unit Waymo, claiming the company would be more efficient with fewer employees. TCI, which is based in London, said it owned shares worth more than $6 billion in Alphabet, made the requests in a letter to CEO Sundar Pichai on Tuesday morning, writing it had been a significant shareholder since 2017.

☆ Investor TCI urges Alphabet to cut excessive headcount, costs
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

Nov 15 (Reuters) - Activist investor TCI Fund Management has called on Alphabet Inc (GOOGL.O) to cut costs by lowering its headcount and reduce losses in its self-driving unit Waymo, saying the Google parent needs to adjust to an era of slower growth. The fund, an investor in Alphabet since 2017 with a $6 billion stake, said the company had "too many employees and cost per employee is too high". TCI said Alphabet pays some of the highest salaries in Silicon Valley, noting that the company has increased headcount by 20% annually since 2017 and more than doubled it since then. TCI also called on Alphabet to disclose operating profit margin targets and reduce losses in Other Bets, the unit that includes Waymo and other special projects. TCI demanded the unit reduce operating losses by at least 50%.

☆ Hedge Fund TCI says Alphabet cost base 'too high'
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

Nov 15 (Reuters) - British activist TCI Fund Management said on Tuesday that the cost base of Alphabet Inc (GOOGL.O) is "too high" and the company's management needs to take action. "The company has too many employees and cost per employee is too high," it said in a letter to Alphabet. Alphabet did not immediately respond to a Reuters request for comment. Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Activist Investor TCI Calls on Google Parent Alphabet to Slash Costs
▼ + stars: | 2022-11-15 | by ( Miles Kruppa | ) www.wsj.com time to read: 1 min

TCI urged Alphabet to reduce losses in long-term bets such as the self-driving car unit Waymo. Activist hedge fund TCI Fund Management called on Google parent Alphabet Inc. to aggressively cut costs and reduce losses in long-term bets such as the self-driving car unit Waymo, claiming the company would be more efficient with fewer employees. London-based TCI, which said it owned Alphabet shares worth more than $6 billion, made the requests in a letter to Chief Executive Sundar Pichai on Tuesday, writing that it has been a significant shareholder since 2017.

☆ Alphabet must cut headcount and trim costs, activist investor TCI says
▼ + stars: | 2022-11-15 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

TCI's stake represents 0.27% of outstanding Alphabet shares, according to Factset data, a position that the hedge fund has steadily accumulated since 2017. TCI noted that headcount has "increased at an annual rate of 20% since 2017," the year that TCI first disclosed their Alphabet position. TCI argued for an increase in share buybacks and the establishment of an EBIT margin target for Google Services. Significantly, TCI argued that Google's "Other Bets" category – their Moonshot division – demanded immediate attention, singling out self-driving vertical Waymo as a unit that failed to justify "its excessive investment." Alphabet shares are down more than 30% year-to-date.

☆ A top investor is now taking aim at Alphabet, saying it has too many employees, pays them too much, and it’s burning money on bad bets.
▼ + stars: | 2022-11-15 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Major Alphabet investor TCI sent a letter to Alphabet's CEO Sundar Pichai on Tuesday. It also called for losses to be "reduced dramatically" in Waymo, Alphabet's self-driving car unit. The letter noted that "the cost base of Alphabet is too high and management needs to take aggressive action." Over that time, Alphabet's employees have more than doubled from just above 80,000 to close to 190,000. TCI was not only vexed by Alphabet's headcount, but also by the company's above-market compensation rates.

☆ Activist investor call on Alphabet to cut costs amid slowing revenue
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActivist investor call on Alphabet to cut costs amid slowing revenueCNBC's 'TechCheck' reports on TCI Fund's letter to Alphabet calling for cost cutting and labor reductions, and the share activity in response to the report.

☆ Meet the wealthy ex-Goldman Sachs junior banker and hedge-fund manager taking over as the UK's new prime minister
▼ + stars: | 2022-10-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

We've got famous authors yelling at Jamie Dimon, rich Russians heading to your favorite all-inclusive, and more people complaining about Mark Zuckerberg's metaverse infatuation. The UK has a new prime minister — no, it's not the head of lettuce — and he comes from the world of Wall Street! Rishi Sunak, a former finance minister, officially became prime minister on Tuesday after meeting with King Charles. Sunak's early career reads like a typical Wall Street mogul:-Spend three years working as a junior analyst at a bank (Goldman Sachs). Grenada is proving to be an effective loophole for wealthy Russians looking to get US visas.

☆ Rishi Sunak, the new UK prime minister, is yet another Goldman Sachs alumnus
▼ + stars: | 2022-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Rishi Sunak, the new UK prime minister, once worked as a junior analyst at Goldman Sachs in London. Sunak also worked at one hedge fund and cofounded another before getting into politics. Sunak left Goldman Sachs to get an MBA at Stanford University. After finishing his studies, Sunak worked at the hedge fund TCI, before setting his own up – Theleme Partners – with a colleague. The party held its second leadership race in the space of just a few months, and Sunak became the UK's presumptive prime minister on Monday after his only remaining rival, Penny Mordaunt, withdrew.

☆ Prescient or traitor? Rishi Sunak is the favourite to be next UK PM
▼ + stars: | 2022-10-20 | by ( William Schomberg | ) www.reuters.com time to read: +4 min

LONDON, Oct 20 (Reuters) - To some Conservatives, Rishi Sunak is the minister who got Britain through the COVID pandemic, to others the traitor who knifed Boris Johnson or the rival to Liz Truss who presciently warned her tax plans would bring chaos. Now he has to weigh up whether he can convince Britain's governing party he is the man to save it from chaos. With the Conservatives in turmoil, many in his party think he is the only one who can solve the party's woes. Betting firms have again made Sunak the front-runner to win the new contest although he was also the favourite in the race that Truss eventually won. In 2020, aged 39, Sunak was named finance minister just before the coronavirus pandemic hit Britain.

☆ La Universitatea de Stat din Moldova s-a desfășurat concursul „Cel mai bun debut în chimie, anul 2020”
▼ + stars: | 2020-11-25 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

La Universitatea de Stat din Moldova s-a desfășurat concursul „Cel mai bun debut în chimie, anul 2020”Luni, 23 noiembrie 2020, la Facultatea de Chimie şi Tehnologie Chimică a USM s-a desfăşurat concursul „Cel mai bun debut în chimie – 2020”, dedicat Zilei Internaționale a Studenților. Ediția din anul curent a fost organizată în regim on-line în forma unei videoconferințe, la care au fost prezenți toți studenții și cadrele științifico-didactice ale facultății. )), Ion Bucșa (grupa III (TCI + TPCM (rom.)) și Valeria Brașevan (grupa IV (TCI + TPCM (rus. În rezultatul totalizării punctelor acumulate, a fost desemnat câștigătorul concursului – Ion Bucșa – reprezentantul grupei III, specialitățile TCI și TPCM, limba de instruire română.

Persons: Andrei, Iulia, Ion, Valeria Organizations: Universitatea de Stat, Studenților, USM Locations: Moldova

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