An investor with a $6 billion stake in Google parent Alphabet is calling for more layoffs at the company, although it has already cut 12,000 jobs.

The managing partner of London-based TCI Capital Fund Management wrote to Alphabet’s chief executive, Sundar Pichai, asking him to cut thousands more jobs and to reduce the compensation of its remaining employees.

Alphabet already plans to cut its workforce by 6%, it said on January 20, 2023, a move that will affect staff across the company including in its enterprise cloud computing division.

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