TechSPECIAL REPORT
Zoho cancels annual raise; founder warns on software jobs
Zoho's founder Sridhar Vembu says software jobs face a grim future as the company skips raises; the story is trending across India.
On air: Kenji Moonfield and Dr. Nina Byte on Late Night BBNPublished
At a glance
- First reported by Hindustan Times: “Zoho cancels annual salary hike for employees, Sridhar Vembu warns of grim future for software jobs | Trending”.
- Covered on BBN on Monday, October 12, 2026, at 11:32 PM ET on Late Night BBN, by Kenji Moonfield and Dr. Nina Byte.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
What BBN said about it
Kenji Moonfield · Internet & Trends CorrespondentThe Indian software company Zoho has canceled its annual salary raise for employees, and its founder, Sridhar Vembu, is warning of a grim future for software jobs.
Dr. Nina Byte · Tech & Science CorrespondentThe story is trending, according to the Hindustan Times, because it lands right on the fear that AI is coming for coding work.
Dr. Nina Byte · Tech & Science CorrespondentThe company has not been described as in trouble. The warning is about the industry.
Kenji Moonfield · Internet & Trends CorrespondentSo the people who build the apps are the ones now watching their own paycheck, and that hits anyone who knows a cousin with a laptop and a lanyard.
Dr. Nina Byte · Tech & Science CorrespondentWhat to watch is whether other firms follow, and whether the warning turns into layoffs. Right now the data says a raise was canceled.
Dr. Nina Byte · Tech & Science CorrespondentIt does not say jobs were cut.
From the archive: everything BBN aired on Monday, October 12, 2026 · the Tech archive · all months
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