‘Very uncertain global landscape’: Zoho’s Sridhar Vembu sounds stark warning about ‘job crisis’ in India
Zoho co-founder and Chief Scientist Sridhar Vembu has warned that India’s biggest economic challenge is not technology itself, but the question of how to create enough jobs for a huge young population in an uncertain global economy. In a detailed post on X, Vembu said the IT industry, including Zoho, is no longer adding jobs at the pace it once did, even if it has avoided large-scale layoffs.
Vembu said the sector’s capital is increasingly being directed away from new employees and toward AI infrastructure and data centres, with rising server and memory prices adding to the pressure.
