‘Imagine the challenge for other firms’: Bengaluru CEO on Zoho’s AI costs and salary hike freeze
Zoho co-founder Sridhar Vembu announced a salary hike freeze due to rising AI costs and server prices, which have increased fourfold. Pareekh Jain emphasized that Zoho's majority Indian workforce benefits from lower operating costs compared to firms with staff in the US or Europe. The company aims to avoid mass layoffs despite a challenging outlook for software jobs.