Zoho’s Vembu refuses to lay off people even as AI squeezes SaaS companies

Zoho's cofounder, Vembu, has rejected layoffs amid AI-driven cost pressures and SaaS industry challenges, opting instead to retrain staff and delay any layoffs decision until 2030. Despite rising data center and AI costs squeezing budgets, Zoho is growing and has paused pay raises and hiring to manage expenses.