Tag: institutional
Google Institutional Investor Calls For 30K Jobs Cut
Whether Google listened to TCI Fund or not is a moot point, but Sundar Pichai last week confirmed that 12,000 of its employees were to be booted because it hired heavily during the pandemic for a “different economic reality to the one we face today.” Yesterday, he told a town hall meeting of Googlers that not hiring risked losing business. Google’s workforce went from 120,000 in 2020 to nearly 187,000 at the end of September, and it is now under pressure due to slowing sales and shrinking profits. Hohn at TCI now wants to see even more dramatic action taken by senior management. “Over the last five years, [Google parent] Alphabet has more than doubled its headcount, adding over 100,000 employees, of which over 30,000 were added in the first nine months of 2022 alone,” he said in the latest letter to Pichai. Hohn adds, “The decision to cut 12,000 jobs is a step in the right direction, but it does not even reverse the very strong headcount growth of 2022. Ultimately management will need to go further. […] Importantly, management should also take the opporunity to address excessive employee compensation. The media salary at Alphabet in 2021 amounted to nearly $300,000, and the average salary is much higher. “
Read more of this story at Slashdot.
Ethereum’s shift to proof-of-stake draws increasing institutional interest
Ethereum’s shift from proof-of-work to proof-of-stake increased interest for staking across a number of parties — including institutions.
Ethereum’s shift to proof-of-stake draws increasing institutional interest by Jacquelyn Melinek originally published on TechCrunch
Crypto in 2023: Institutional Report You NEED To See!!
🛒 Best Deals in Crypto 👉 https://www.coinbureau.com/deals/ 📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/ 👕 My Merch Store 👉 https://store.coinbureau.com/ 🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ ~~~~~~ 📺 Useful Vids 📺 Crypto Predictoins 2023 👉 https://www.youtube.com/watch?v=gfms8KpH5T0 ETH Merge Video 👉 https://www.youtube.com/watch?v=cu78O12U0Bg DCCPA Bill 👉 https://www.youtube.com/watch?v=OB7HYPGjqSw Europe Mica Bill 👉 https://www.youtube.com/watch?v=NdsK8Zhlwqg Solana…
Read More “Crypto in 2023: Institutional Report You NEED To See!!” »
Bitcoin believers maintain view it could find institutional buy-in despite FTX chaos
Bitcoin could potentially capture roughly 3.5% of the global monetary market in aggregate over the next 17 years, according to CoinShares.
Bitcoin believers maintain view it could find institutional buy-in despite FTX chaos by Jacquelyn Melinek originally published on TechCrunch
Kevin O’Leary says sacrificing Tornado Cash worth it for institutional adoption
Mr. Wonderful thinks that crypto needs more regulation and less “crypto cowboys” like Tornado Cash creator Alexey Pertsev, who he suggested was a necessary sacrifice to create stability for institutional inflows.
New Findings Shows Institutional Investors Take More Interest In Ethereum
Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO
Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out.
Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs
“Things are much more encouraging, even though this is clearly a time of pain,” said Wave Financial’s head of business development Mike Jones.