Eric Schmidt Cost-Cuts-Coming Interview, 60-Second Version

Eric Schmidt on Bloomberg talking about Google’s coming cost cuts. Highlights:

  • No layoffs
  • Continued “overspending” on CAPEX
  • Slowing hiring,
  • Cutting marketing costs
  • Avoid blowing cash on acquisitions.

Also, Eric hopes non-PC based search advertising will account for “more than one per cent” of the company’s revenues — some day. That is a bit more conservative than his previous assessment that mobile advertising was a bigger opportunity than PC. (See: “Google Still Dreaming of a $50 Billion Mobile Ad Market“)

But don’t take our word for it. Check out the convenient 60-second version of Schmidt’s 10 minute Bloomberg TV interview, below.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.