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ZOHO LAYOFFS
Zoho’s Vembu refuses to lay off people even as AI squeezes SaaS companiesThe cofounder and chief scientist of the SaaS firm said Zoho retrains people to deploy on new products or helping customers better, when AI...- Sridhar Vembu net worth: Zoho co-founder who built a multi-billion dollar business ranks among India’s richest with his siblings; his career, education and wealthSridhar Vembu Net Worth: Zoho co-founder Sridhar Vembu and his siblings have a combined net worth of $5.8 billion, according to Forbes. He ...
- ‘Please pray for us,’ says Sridhar Vembu as Zoho skips pay hikes amid rising AI costsVembu said that the company has also gone 18 months without growing its employee count and is looking to avoid mass layoffs.
- Zoho skips pay hikes, cites raised AI costs and geopolitical backdropIn a recent statement, Zoho's founder Sridhar Vembu announced that the company will not implement salary hikes for its employees. This deci...
- IT industry not creating new jobs, funds diverted to AI, data centre costs: Sridhar VembuIn a post on social media platform X, Vembu noted that while the IT industry, including Zoho, has avoided large-scale layoffs, it has faile...
- AI, data centre costs are slowing IT hiring, Zoho Founder Sridhar VembuZoho Corporation's founder notes IT job growth is slowing significantly. Funds are now diverted to rising artificial intelligence and data ...
- Sridhar Vembu says prepare for tough times as economic picture is getting grimmer, warns AI hype may not last longZoho founder Sridhar Vembu warns of a grim economic future. He believes artificial intelligence alone cannot solve deep-rooted issues. Vemb...
- Zoho layoffs: Sridhar Vembu's firm laid off 300 employees without prior warning? Here's all about the social media buzzZoho layoff: There's a growing buzz on social media that Sridhar Vembu's company Zoho laid off 300 freshers without a prior warning. The bu...
- Indian unicorns see net workforce decline amid layoffs, restructuring: reportIndian unicorns saw a 4.5% average attrition rate over the past year, with a net decrease of about 6,700 employees. Despite overall decline...
- Understand layoffs when struggling but this naked greed: Zoho CEO lashes out at company for reducing workforce by 13%Zoho CEO Sridhar Vembu criticized Freshworks for laying off 13% of its workforce, despite having $1 billion in cash and announcing a $400 m...
- Zoho applies for semiconductor manufacturing facility in IndiaSoftware company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up...
- Zoho freezes hiring in engineering roles, selective recruitment for customer-facing roles to continueAmid global macro headwinds, Zoho on Wednesday said it has decided against layoffs but will adopt a prudent approach involving a hiring fre...
- Loyalty vs layoff: Zoho CEO Sridhar Vembu has a message for entrepreneursZoho CEO Sridhar Vembu believes that entrepreneurs can use the current job market uncertainty to earn employee loyalty. As the economy beco...
- Dark clouds, yet Zoho sees $1 billion revenue for ManageEngine in a yearSpeaking at ManageEngine UserConf Mumbai 2023, Vembu said the Zoho management expects its enterprise IT management division to cross $1 bil...
- IT job vacancies slump 60% in January; Silicon Valley investor Tim Draper on Indian startupsThe IT and tech job market is under stress. As the year started with large scale layoffs globally, and in India, Information Technology ( I...
- 2022 Year in Review | Slowdown cloud: Value-for-money software is silver lining for India SaaSIndian Software-as-a-Service companies are bracing for slower quarters as a potential recession in US could hurt topline.
- Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exitsThis time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Long...
- SaaS companies lean on core business to ride out US market stormFirms turn to ‘efficient growth’ and ‘path to profitability’ as buyers review their spends.
- Blinkit set for new pivot; introducing the ET Ecommerce IndexNow the company, which is in the process of being acquired by Zomato, is set for a fresh pivot as it looks to integrate its operations with...
- Zoho's large client wins may offset decline in SME business due to COVID-19“Up to 45% of our revenues come from the US – you can see immediately what it can account for us,” Sridhar Vembu, the founder and CEO of th...
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