Zoho unable to provide pay rise to employees due to AI costs, ‘pray for us’, says co-founder Vembu
Zoho co-founder Sridhar Vembu announced the company cannot provide pay rises this year due to soaring AI-related costs, including a four-fold increase in server prices. He emphasized the uncertain software business outlook and the need for cost control amid challenging geopolitical conditions. Vembu urged for support, stating the next 3-5 years will be crucial for the company's reinvention.