IT industry not creating new jobs, funds diverted to AI, data centre costs: Sridhar Vembu

In a post on social media platform X, Vembu noted that while the IT industry, including Zoho, has avoided large-scale layoffs, it has failed to generate significant new employment opportunities in recent years.

Source: The Economic Times2 August 2026 at 5:19 pm ISTrss

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Original headline: IT industry not creating new jobs, funds diverted to AI, data centre costs: Sridhar Vembu
Product category: General technology
Curation state: ingested