Zoho cancels salary hike- Sridhar Vembu cites rising AI costs, says 'please pray for us'

New Delhi, Oct. 13 -- Sridhar Vembu, co-founder of Zoho, said on Tuesday that employees would not receive their usual pay increase this year, citing an uncertain software business outlook, rising costs linked to artificial intelligence (AI), and a challenging geopolitical backdrop.In a post on X, V…