Owning one of the most valuable digital ecosystems in the world, Alphabet’s Google (NASDAQ:GOOGL)(NASDAQ:GOOG) essentially represents the gatekeeper of modern commerce. Nevertheless, GOOGL stock does not rank above broader economic pressures. Though I am long-term bullish, it, too, must adjust to new realities. Recently, activist investor TCI Fund Management Ltd. penned an open letter to Alphabet CEO Sundar Pichai, urgently requesting aggressive layoffs and other cost-cutting measures. As TipRanks reporter Sheryl Sheth mentioned, TCI noted that Google’s parent company “has too many employees, and the cost per employee is too high.
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