Zoho Founder Sridhar Vembu Faces Backlash Over Salary Hike Freeze
· Business · Indian Express, LiveMint, Times of India
Zoho founder Sridhar Vembu has faced criticism on social media after announcing a freeze on employee salary hikes, citing rising costs associated with AI development. The decision comes just days after Vembu publicly urged Indian tech professionals working in the US to return home to help build India. In his announcement, the 58-year-old founder noted that Zoho has not hired new employees for 18 months, reflecting a challenging environment for software jobs. Critics on X have questioned the consistency of his appeal for professionals to return, noting that the lack of hiring and salary growth at a major Indian firm creates uncertainty for those considering a move back. The company has not provided a definitive timeline for when hiring or salary increases might resume.
Why it matters
The backlash highlights the tension between the push for domestic talent retention and the current economic realities of the Indian software industry. It raises concerns among professionals about the stability of job opportunities within the country.
Read the original report — Indian Express
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