Major investor calls on Google owner to ‘aggressively’ cut staff and pay

Hedge fund owned by Christopher Hohn urges Alphabet to emulate cost-cutting measures of Silicon Valley rivals

The hedge fund of the billionaire Sir Christopher Hohn has written to Alphabet saying staff at the Google and YouTube parent are paid too much and its workforce should be drastically cut back.

London-based TCI, which has been a significant investor in the company since 2017 and holds a stake valued at $6bn (5.1bn), has written to its chief executive, Sundar Pichai, urging it to emulate cost-cutting measures introduced by big tech rivals including the Facebook-owner, Meta, Amazon and Microsoft.