No pay hikes this year: Zoho’s Sridhar Vembu says ‘I apologise’ amid AI cost pressures

Zoho founder Sridhar Vembu cites surging AI expenses and a fourfold rise in server prices as the company holds back salary hikes, warns of a grim software jobs outlook and rejects universal basic income as dystopian
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Story file
- Section
- Tech
- Topics
- Jobs & careers, Startups, AI & gadgets
- First reported by
- Firstpost
- Reporter
- dheeraj kumar
- Published
- Tuesday, 13 October 2026, 6:17 am IST
- Coverage
- One outlet so far
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