Zoho skips pay hikes, cites raised AI costs and geopolitical backdrop

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 13 Oct, 05:51 UTC

In a recent statement, Zoho's founder Sridhar Vembu announced that the company will not implement salary hikes for its employees. This decision stems from the soaring costs associated with artificial intelligence and notably increased server prices. Vembu also pointed to the current challenging…

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Sources

• T1Zoho skips pay hikes, cites raised AI costs and geopolitical backdropEconomic Times — Tech / Technology / Startups / ETTelecom13 Oct, 05:51