Zoho Skips Annual Pay Hikes Due to Rising AI Costs, Vembu Says
Zoho will not give its employees the usual annual pay increase this year due to sharply rising artificial intelligence (AI) costs, said cofounder Sridhar Vembu. The company has cut its marketing budget and aims to avoid mass layoffs despite a grim outlook for software jobs. Vembu highlighted a four-fold increase in server prices and growing AI expenses as major challenges amid uncertain software demand and geopolitical issues.
Economic Times·



