Citadels hedge fund has ~50B AUM, TCI has ~35B. They are in the same class of size.
My personal opinion is that the idea that hedge funds started the tech layoffs is bunk, boards get activist letters all the time and they are mostly noise. But TCI has the power to influence board decisions if any hedge fund does.
Unlike Citadel, TCI has a history of forcing the board's hand using litigation. Hardly noise.
Also, TCI's AUM is now only 28B. They've had a harsh last few months.
Another thing is that Citadel is far more leveraged, and it has a discretionary AUM of around 285B, while TCI seems to have little to no leverage. So Citadel controls around 10 times more capital than TCI
My personal opinion is that the idea that hedge funds started the tech layoffs is bunk, boards get activist letters all the time and they are mostly noise. But TCI has the power to influence board decisions if any hedge fund does.