There's no company quite like Alphabet (GOOG -2.31%) (GOOGL -2.32%). The tech giant has long dominated online search, soaking up a huge chunk of digital ad spending as businesses vie for clicks ...

Google has laid off several employees in the past few weeks to slash costs. According to a report, the Sundar Pichai-led Alphabet's arm has fired its entire Python team for ‘cheap’ labour.

The fund, an investor in Alphabet since 2017 with a $6 billion (€5.8 billion) stake, said the company had “too many employees and cost per employee is too high”.

Activist hedge fund TCI Fund Management is urging Google's parent company Alphabet to cut its head count and costs, similar to what the industry has seen with Amazon, Facebook and others.