Zoho pay hike freeze

Zoho’s Sridhar Vembu tells staff no hike this year, tries to avoid layoffs

Sridhar Vembu, founder of Zoho, announced that employees will not receive annual salary hikes this year. This decision arises from increased costs associated with artificial intelligence and geopolitical challenges. Zoho has reduced its marketing budget and has not increased its headcount for 18 months. Vembu expressed gratitude for employees' understanding during this difficult period as he aims to avoid mass layoffs.

"Pray For Us": Zoho Founder Sridhar Vembu Says No Pay Hikes This Year Amid AI Cost Surge

He explained that AI has significantly increased the company's expenses.

'Pray for us,' Vembu says as Zoho skips pay hikes

Zoho’s Sridhar Vembu on Airtable layoffs: We refused to do this, ‘we will see in 2030’

In response to the recent wave of layoffs at Airtable, Zoho's founder, Sridhar Vembu, highlighted his company's commitment to retaining its workforce. He articulated that Zoho consciously refrains from layoffs, preferring to offer retraining for employees to adapt to emerging AI technologies. While recognizing the increasing costs associated with data centers and AI, Vembu believes that by 2030, various workforce strategies will reveal their true effectiveness.

Vembu refuses to lay off people amid AI squeeze