-- Google Finance, Govt, Policy and Business Issues
---- Google Period of Austerity Puts The Pressure on Growth Efforts
signor_john - 4:32 pm on Dec 3, 2008 (gmt 0)
Saying projects won't get resources now comes off, to me, as saying they employed bad business practices to begin with.
Schmidt isn't saying that "projects won't get resources" or suggesting that Google has "employed bad business practices to begin with." He's merely saying that projects will be prioritized and expenditures will be kept under tighter control during a time of limited revenue growth. That's a common-sense strategy that most reasonable people would agree with.