Zoho founder says no salary hikes this year to avoid layoffs

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Zoho founder Sridhar Vembu announced the company will not give annual salary increases this year. He cited rising AI-related costs and geopolitical challenges as reasons. The software firm has also reduced marketing spending and frozen hiring for 18 months. Vembu stated this measure is intended to prevent mass layoffs. He thanked employees for their understanding during this period.

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