Tuesday, 13 October, 2026
AI Squeeze: Zoho Freezes Salary Hikes as Soaring Compute Costs Hit Bottom Line
By TechShots Studio
Zoho co-founder Sridhar Vembu announced the cancellation of annual salary hikes, citing a fourfold spike in server prices and soaring AI expenses. Apologizing to employees, Vembu revealed marketing cuts and a 18-month hiring freeze, warning that the outlook for software jobs is grim. Asking for support as Zoho reinvents itself over the next 3–5 years, he wrote, "Please pray for us."
Read full story at LIVEMINT