A hedge fund manager and major Alphabet investor has urged Google's parent company to cut additional jobs.  The request from Sir Christopher Hohn, founder of The Children's Investment (TCI) Fund Management, comes after Alphabet eliminated 12,000 jobs, or 6% of its global workforce, last week. In a letter addressed to Alphabet CEO Sundar Pichai, Hohn said the recent layoffs are a "step in the right direction" but do not reverse the company's "very strong headcount growth" in 2022. He asked management to decrease headcount to roughly 150,000 employees, which would require a total workforce reduction of 20% — or another 28,000 positions on top of the 12,000 cut last week. Hohn also argued that Alphabet should substantially reduce employee compensation, noting that its 2021 median salary per employee was close to $300,000 and its average salary is "much higher." Given Alphabet's reduced share price, he argued that the company should further employees' stock-based compensation. TCI, a major Alphabet shareholder since 2017, owned $6B in Alphabet shares as of November.