Zoho unable to provide pay rise to employees due to AI costs, ‘pray for us’, says co-founder Vembu

Rounding off his rather concerning assessment of the situation and the impact of AI, Vembu said, “We are in the middle of reinventing ourselves. The next 3-5 years will decide how our reinvention has worked. Please pray for us.”Days after his appeal to Indians in the US to return home and build in India following disruptions to the Green Card process, Zoho co-founder and chief scientist Sridhar Vembu said Tuesday that the rising costs due to AI have led to his company not being able to provide the “usual pay increase” to its employees this year.