BusinessPhoto: Deccan HeraldZoho's Vembu Warns of Grim Software Jobs Outlook Amid AI Cost Surge
Zoho founder Sridhar Vembu highlighted a grim outlook for software jobs due to a sharp rise in costs driven by artificial intelligence. He cited a fourfold increase in server prices for data centers and rapidly growing AI usage as major expense drivers. The company has cut marketing budgets and paused pay raises to control costs amid a challenging geopolitical environment, aiming to avoid mass layoffs while not increasing employee count for 18 months.
Deccan Herald··Bengaluru




