BusinessPhoto: News18 BusinessZoho's Sridhar Vembu Warns of Grim Software Job Outlook Amid Rising AI Costs
Zoho founder Sridhar Vembu warned that the software industry's outlook is uncertain due to rapidly rising AI usage and a fourfold increase in server costs. He cited geopolitical challenges and said Zoho cut marketing budgets and froze pay raises. While aiming to avoid mass layoffs, Vembu acknowledged a bleak future for software jobs and noted no employee growth for 18 months.
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