A major Alphabet investor said the company should cut even more jobs and address 'excessive' pay in the wake of mass layoffs

• Alphabet investor TCI is urging the company to "go further" in cutting jobs and reducing spend.
• A letter from TCI to CEO Sundar Pichai said "excessive employee compensation" should be addressed.
• Google's parent company announced on Friday that it was cutting around 12,000 roles.

A major Alphabet investor urged Google's parent to cut more jobs and reduce staff pay on the same day it announced it would lay off around 12,000 staff.