Zoho halts 2026 salary hikes, looks to ‘avoid mass layoffs’ amid surging AI costs
The Indian Express
Zoho has frozen 2026 salary hikes for all employees due to rising AI infrastructure costs and an uncertain software market, aiming to avoid mass layoffs. Server prices have quadrupled, increasing data center expenses, while growing AI adoption has raised computing demands. The company has also cut its marketing budget and halted new hiring, reflecting broader challenges in the tech industry amid the 'SaaSpocalypse' and shifting business models driven by AI.
All articles from 13 October 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.