Zoho’s Sridhar Vembu tells staff no hike this year, tries to avoid layoffs
Sridhar Vembu, founder of Zoho, announced no annual salary hikes for employees this year due to rising costs from artificial intelligence and geopolitical challenges. The company has cut its marketing budget and maintained a stable headcount for 18 months. Vembu aims to navigate these tough times without resorting to mass layoffs, emphasizing the need for employee understanding.