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Zoho's Sridhar Vembu says no appraisals this year as AI costs rise

Original: sridhar vembu

Sridhar Vembu, founder of Indian software firm Zoho, announced the company will skip salary hikes and appraisals this year, citing rising AI-related costs and a tense geopolitical backdrop. He warned of a painful rebalancing of jobs in the AI age, saying Zoho is working hard to avoid mass layoffs. The move has drawn attention across Indian business media, with debate over how AI spending is reshaping compensation in the tech sector.

Why now: A prominent Indian tech founder linking skipped pay hikes and appraisals to AI costs and job fears is striking a chord amid widespread anxiety about AI's impact on employment.

Sridhar VembuZohoEconomic TimesIndia Today

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Evidence

• Zoho’s Sridhar Vembu sees a painful rebalancing of jobs in the AI age · The Economic Times
• Zoho skips pay hikes, cites raised AI costs and geopolitical backdrop · The Economic Times
• Sridhar Vembu says no appraisals at Zoho this year, company working hard to avoid mass layoffs · India Today

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