Tuesday, March 5, 2024
Business News

Zoho to hire 1,000 staff in FY24, committed to no layoffs

Zoho, the popular software company, has announced plans to hire 1,000 new employees in the next financial year (FY24), while at the same time remaining committed to not laying off any of its current staff. The company’s CEO, Sridhar Vembu, made the announcement during a recent interview, highlighting the company’s commitment to its employees and its unique company culture.

According to Vembu, Zoho has a strong belief in taking care of its employees, and laying them off is not an option. “We’ll not resort to layoffs because that isn’t part of our culture. We want our employees to feel secure about their jobs,” Vembu said. This announcement comes as a welcome change in an industry that is known for its high levels of turnover and layoffs, particularly during times of economic uncertainty.

While Zoho’s plans to hire 1,000 new employees are certainly ambitious, Vembu acknowledged that the company’s hiring has “drastically slowed down” in recent times. Despite this slowdown, the CEO remains optimistic about the company’s future growth and the opportunities it presents for job seekers. “We’re always on the lookout for talented and passionate individuals to join our team,” Vembu said. “We believe that hiring the right people is key to our success, and we’re committed to finding the best talent in the industry.”

Zoho, which was founded in 1996, has grown to become a leading player in the software industry, with over 4,500 employees globally. The company offers a range of innovative products, including business and productivity tools, customer relationship management (CRM) software, and a suite of communication and collaboration tools. Zoho’s products are used by millions of people and businesses around the world, making it one of the largest software companies in the world.

Zoho’s commitment to its employees is one of the many factors that sets it apart from its competitors. The company has a strong culture of work-life balance, offering flexible hours, remote work options, and opportunities for career advancement. Zoho also offers its employees a range of benefits, including health insurance, paid time off, and a 401(k) plan.

Zoho’s plans to hire 1,000 new employees while remaining committed to not laying off any of its current staff is a testament to the company’s strong culture and commitment to its employees. With a growing demand for innovative software products, Zoho is well positioned to continue its growth and success, making it an attractive employer for job seekers in the industry.