Can Afford $400-Million Buyback But Still 12% Layoff: Zoho’s Sridhar Vembu Calls Out Firm for ‘Naked Greed’
Last Updated:November 08, 2024, 18:14 IST Expressing disapproval of companies with large cash reserves that still opt for layoffs, Vembu described such actions as “naked greed”. Sridhar Vembu said a company that holds around $1 billion in cash and reports a 20% growth rate, recently reduced its workforce by 12-13%. In a pointed critique against … Read more
