BusinessPhoto: MintZoho's Sridhar Vembu Calls SaaS Layoffs Normal, Eyes 2030 Reinvention
Zoho founder Sridhar Vembu stated that layoffs are common in the SaaS industry. However, Zoho aims to avoid mass job cuts by retraining and redeploying employees. This strategy is in response to AI-driven changes in productivity and rising data center and computing costs, with a goal of reinventing the company by 2030.
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