No appraisal for Zoho staffers? Sridhar Vembu cites rising AI costs, says ‘usual pay increase’ unlikely this year

Zoho co-founder Sridhar Vembu said employees would not get their usual pay hike this year amid rising AI costs and geopolitical challenges. He pledged efforts to avoid mass layoffs and warned of a grim outlook for software jobs as Indian IT firms rethink hiring and workforce skills.