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Zoho founder Sridhar Vembu dropped a quiet bombshell this weekend: India's IT industry has stopped creating new jobs, with funds diverted to AI and data centre costs. The money that would have gone to new employees is now going to AI infrastructure, he said. This isn't a layoff warning — it's a structural shift. Zoho hasn't fired anyone, but it also hasn't been able to create many jobs in recent years. The IT sector, once India's employment engine, is transforming into...
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