Zoho founder Sridhar Vembu warns employees of tough times ahead says no hike this year, trying to avoid layoffs

ZOHO Founder Sridhar VembuZoho founder Sridhar Vembu has informed the employees that they will not receive the company’s usual annual salary hikes this year, as the company grapples with the increasing costs related to artificial intelligence and the uncertain business environment and global geopolitical challenges. In a post shared on social media platform X (formerly known as Twitter) Vembu said that the outlook for the software industry remains uncertain and that AI has significantly increased operating expenses for companies such as Zoho.