Although more than 135,000 white-collar professionals in the tech and startup space have been downsized year to date, the giant search engine has avoided this trend.Additionally, the new performance system could use the ratings to avoid paying bonuses and stock grants.Hedge Fund Billionaire Tells Google To Make CutsChristopher Hohn, a U.K. billionaire activist investor, wrote a letter to Alphabet, the parent company of Google, asserting that its employees are paid too much compared to other tech giants and its bloated workforce needs to be cut down.Similar to Elon Musk’s vision for Twitter, the activist hedge fund manager claims that the search engine can be efficiently run with considerably fewer highly compensated professionals.One day later, CEO Andy Jassy warned employees in a corporatewide memo, “There will be more role reductions as leaders continue to make adjustments.” Jassy added that managers would be reviewing their teams and scrutinizing “workforce levels” to make the difficult decisions of who will stay or be asked to leave for the “long-term health” of the company."