Zoho CEO Sridhar Vembu highlights that layoffs blamed on AI stem from deeper economic pressures, warning of a broader collapse of the post-World War 2 global order.
Vembu criticized firms for linking layoffs and cost-cutting measures with AI adoption
May 19, 2026
05:25 pm
What's the storySridhar Vembu, the CEO of Zoho Corporation, has sounded an alarm over the global economy.
He said that the growing resentment against artificial intelligence (AI) in the US is more about economic uncertainty and job losses than anything else.
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More tech leaders are pointing to job cuts caused by AI tools - and a need for more investment cash.
Ask yourself about the giant job-loss narrative: whose interests does this story suit?
Roughly 30,000 layoffs have been blamed on AI so far this year, on top of 55,000 job cuts in 2025.
