BusinessMoneycontrol
Sridhar Vembu says IT industry, Zoho 'have not created many jobs in recent years’
in5points
Sridhar Vembu, co-founder of Zoho, stated that the IT industry and Zoho have not created many jobs in recent years.
Vembu attributed the lack of job creation to AI-led spending and rising data centre costs.
These costs are diverting budgets that would otherwise have been used for hiring.
Story angle
Center-right
L
CL
C
CR
R
Mostly straight facts, with a light government- or market-friendly tilt.
About how the story is framed, not whether the facts are true.
Moneycontrol
Center-right
Mixed factuality
